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Benzinga

World

Madhukumar Warrier

UNCOVERED: Why alibaba is falling today even as tech peers lead hang seng higher - Caught on Camera

Li Alibaba BABA United States Hang Seng Index NYSE Hong Kong U.S.-listed

Shares of U.S.-listed Chinese tech companies traded mostly higher in Hong Kong on Wednesday, leading the benchmark Hang Seng Index higher.

What’s Moving: Shares of Baidu Inc. (NASDAQ:BIDU), JD.Com Inc. (NASDAQ:JD) and Tencent Holdings Inc. (OTC:TCEHY) advanced in a range of 1% to 4%, while Li Auto Inc. (NASDAQ:LI) and Xpeng Inc. (NYSE:XPEV) traded lower in a range of 1% to 3%.

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Ken Paxton appears to cancel final rally of his “Come and Take It” tour at the Alamo

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