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Benzinga

World

Navdeep Yadav

HISTORICAL FACTS: Why alibaba nio chinese peers are sliding in hong kong today 955bb3fb 05ab 4de7 9da2 fa257ed36346 - Caught on Camera

Alibaba NIO Hong Kong NYSE Tencent Tencent Holdings Li Auto Xpeng

Shares of major U.S.-listed Chinese companies were trading lower for a second straight session in Hong Kong on Wednesday, as major tech stocks like Alibaba Group Holdings (NYSE:BABA), Tencent Holdings (OTC:TCEHY), Baidu Inc (NASDAQ:BIDU), and JD.com Inc (NASDAQ:JD) slipped into the red.

In the electric vehicle segment, Nio Inc (NYSE:NIO) led losses with a near 8% fall, while Xpeng Inc (NYSE:XPEV) and Li Auto Inc (NASDAQ:LI) cracked at least 4% each.

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