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Benzinga
Benzinga
Business
Henry Khederian

Why Nio And Alibaba Shares Are Falling Today

BABA NIO Alibaba NYSE US Federal Reserve United States Nio Inc

Shares of Chinese stocks, including Nio Inc - ADR (NYSE:NIO) and Alibaba Group Holding Ltd - ADR (NYSE:BABA), are both trading lower amid continued overall weakness in global markets on US Fed policy tightening concerns.

Chinese growth stocks tradable on US exchanges, including e-commerce and EV names, continue to sell off in anticipation of Fed policy tightening in 2022. The technology industry has also been pressured by a recent rise in Treasury yields, together with Fed tapering concerns.

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