Skip to main content

Market Overview

Why Nio, Alibaba, Xpeng, Li Auto And Baidu Are Trading Lower Today

Share:
Why Nio, Alibaba, Xpeng, Li Auto And Baidu Are Trading Lower Today

Shares of several China-based companies, including Nio (NYSE: NIO), Alibaba Group Holding Ltd - ADR (NYSE: BABA), Xpeng Inc - ADR (NYSE: XPEV), Li Auto Inc. (NASDAQ: LI) are trading lower Friday for the following reasons: 

  • China-based companies in general are trading lower amid tensions between China and major western countries over human rights concerns.
  • China-based companies in general are trading lower amid threats from the SEC to delist any foreign company off of U.S. exchanges who won’t adhere to US auditing practices.
  • Nio is trading lower after the company announced the temporary suspension of production for five days due to the ongoing semiconductor shortage.
  • Baidu shares are trading lower amid reports of a 10 million share block by Goldman Sachs.
 

Related Articles (BABA + LI)

View Comments and Join the Discussion!

Posted-In: Government News Regulations Movers Trading Ideas

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com