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Benzinga
Benzinga
Business
Henry Khederian

EXPLAINED: Here s why li auto and xpeng shares are falling | Vintage Vibes

Li Auto Li Auto Inc Pinduoduo

Shares of several Chinese companies, including Li Auto Inc (NASDAQ:LI) and XPeng Inc - ADR (NYSE:XPEV), are trading lower amid overall market weakness. COVID-related restrictions in certain parts of China are also possibly impacting the sector.

Shares of several Chinese stocks have seen ongoing weakness in recent sessions amid a COVID-19 outbreak in the country which has caused some business operations to cease. Shares of Asia-Pacific stocks have also seen weakness in March as Russia-Ukraine tensions weigh on trader and investor sentiment.

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