Shares of U.S.-listed Chinese companies, which faced a heavy sell-off in the previous session, were not trading on Monday in Hong Kong.
The country's benchmark bourse Hang Seng was shut through Monday to mark the birthday of the Buddha.
Chinese EV makers Nio Inc. (NYSE: NIO) fell as much as 12%, XPeng Inc. (NYSE: XPEV), and Li Auto Inc (NASDAQ: LI) shed 10% and 6%, respectively, after falling overnight in U.S. trading.
Asian Peers On Monday: Elsewhere, Australia's ASX 200 slipped 1.32%, and Japan's Nikkei 225 was down 2.25%, while Shanghai's SSE Composite Index was muted with a negative bias at press time.
Investors are awaiting Chinese trade data for April, which is expected to take a hit from President Xi Jinping's "dynamic zero-COVID" policy.
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