Shares of Alibaba Group Holding Limited, Baidu Inc., JD.Com Inc., Li Auto Inc., and Xpeng Inc. fell in Hong Kong on Wednesday, while Tencent Holdings Inc. traded higher. What’s Moving Chinese e-commerce giant Alibaba’s shares traded 0.5 percent lower at HKD 156.40 ($20) in Hong Kong, while e-commerce company JD.Com’s shares fell 1.5 percent to HKD 297.20 ($38) and technology company Baidu’s shares lost 0.4 percent to HKD 156.80 ($20). Tencent’s shares gained 2.1 percent to HKD 473.80 ($60.8) ahead of the company’s third-quarter earnings results later today. Electric vehicle maker Li Auto’s shares lost 9.2 percent to HKD 112.70 ($14.5) and peer Xpeng’s shares tumbled 8.6 percent to HKD 168.60 ($21.6) following the overnight slump in Tesla Inc.’s stock in the United States. Chinese EV startup Nio Inc. reported forecast-beating third-quarter earnings results on Tuesday. Hong Kong’s benchmark Hang Seng Index opened lower on Wednesday and was down almost …
Share Price Drops Lower the Hang Seng Index, China Inflation Data Sparks Economy-Slowdown Worries
November 11, 2021
admin
0 Comment