Alibaba, Nio stocks tank nearly 6% amid unrests in China
Mon, Nov 28, 2022 8:13 AM

Alibaba, Nio stocks tank nearly 6% amid unrests in China

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Hong Kong stocks saw a steep decline during early deals today with the benchmark Hang Seng falling over 3%. The sharp decline in share prices was due to unrest in China over Xi Jinping’s COVID-zero policies weighed on the market. Alibaba and JD.com stock prices tanked nearly 6% in morning trade while EV peers, including Nio, Xpeng and Li Auto, plunged more than 5%.

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