Shares of Alibaba Group Holding Limited, Baidu Inc., Tencent Holdings Inc., JD.Com Inc., and Li Auto Inc. rose in Hong Kong on Tuesday, while Xpeng Inc. traded lower. What’s Moving Chinese e-commerce giant Alibaba’s shares traded 1.8 percent higher at about $21.11 in Hong Kong, while technology company Baidu’s shares have risen 0.6 percent to about $21.51 and e-commerce company JD.Com’s shares have gained 0.4 percent to about $43.30. Tech conglomerate Tencent’s shares are up 1.7 percent to about $64.20. Electric vehicle maker Xpeng’s shares lost 0.6 percent to about $24.35, while peer Li Auto’s shares gained almost 0.3 percent to about $15.32. Hong Kong’s benchmark Hang Seng Index opened higher on Tuesday and was up almost 1.1 percent at the time of writing. The index closed almost 0.3 percent higher on Monday, extending gains to a fifth straight session. Why Is It Moving? The Hang Seng Index advanced as …
Alibaba, Tencent, and JD Lead Hang Seng Higher as Investors Focus on China-US Summit
November 16, 2021
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