Skip to content
europatentbox

europatentbox

The Profession

Primary Menu europatentbox

europatentbox

  • Business & Finance
  • Business News
  • eCommerce
  • Business Education
  • Asset finance
  • Marketing
  • About Us
    • Advertise Here
    • Contact Us
    • Privacy Policy
    • Sitemap
  • Home
  • Alibaba, Nio Stocks Slide: Is Snap Fallout Hitting Hang Seng Index?
  • eCommerce

Alibaba, Nio Stocks Slide: Is Snap Fallout Hitting Hang Seng Index?

Amy B. Taylor July 25, 2022

[ad_1]

Hong Kong’s benchmark Hang Seng Index opened in the red on Monday following a weaker close on Wall Street on Friday, which was dominated by a plunge in social media stocks. The Hang Seng fell 0.6% in opening trade ahead of the crucial U.S. Federal Reserve meeting later this week that could potentially see a 75 bps rate hike.











Stock Movement
NIO -7.48%
Li Auto -4.59%
XPeng -4.26%
Alibaba -2.06%
Baidu -1.43%
Tencent Holdings -1.2%
JD.com -0.4%

EVs plunge: Nio Inc NIO led the losers, with the stock shedding more than 7% in opening trade. Tesla Inc TSLA rival XPeng Inc XPEV fell more than 4%, while Li Auto Inc LI was down nearly 4.6% at press time.

Tech Loses Shine: Shares of Alibaba Group Holding Ltd. BABA lost more than 2% in opening trade and Baidu Inc BIDU fell 1.43% on Monday morning. Tencent Holdings Ltd. TCEHY shares were down 1.2%, while shopping platform Meituan MPNGF lost 0.52%. 

E-commerce player JD.com Inc JD lost 1.3%.

Also read: Apple, Meta, Pfizer Among Key Companies Reporting In The Week Ahead, As Earnings Pick Up Pace

Company News: Nio is set to enter Germany, Holland, Denmark and Sweden with its flagship ET7 sedan along with its battery swap stations and domestic hiring, reports EV quoting the Deutsche Bank analyst Edison Yu.

China is planning to sort U.S.-listed Chinese firms into groups based on data sensitivity in order to prevent U.S. regulators from delisting them, reported the Financial Times. About 260 Chinese firms including Alibaba, Yum China Holdings Inc YUMC and Weibo Corp WB could get delisted from New York stock exchanges if they fail to meet requirements.

Macro News: Hong Kong banks are set to witness their first increase in prime lending rates in four years with the Fed’s imminent rate hike this Thursday to ward-off 40-year high inflation, the South China Morning Post reported, quoting analysts.

China has clarified that Xi Jinping has been administered a local Covid jab, in an effort to allay safety concerns, reported The Guardian. Zeng Yixin, deputy head of the National Health Commission, stated that domestically made shots have been used to vaccinate ‘State and Party leaders’ — a category of top officials that would include President Xi Jinping and Premier Li Keqiang.

Global Markets: U.S. markets ended in the red on Friday, led by a plunge in social media stocks, with the Nasdaq index falling 1.87%. The Dow Jones Industrial Average closed 0.43% lower, while the S&P 500 shed 0.93%.

Shares of Snap Inc SNAP nosedived 39% over disappointing second-quarter results.

Elsewhere in Asia, Japan’s Nikkei 225 traded lower at 0.64% while the South Korean Kospi rose marginally by 0.03%. China’s Shanghai Composite traded flat, while Australia’s ASX 200 was up 0.07% in opening trade.

[ad_2]

Source link

Post navigation

Previous: Five must-haves of a conversion worthy ecommerce website
Next: Promoting

More Stories

How to Leverage Social Media for eCommerce Success
  • eCommerce

How to Leverage Social Media for eCommerce Success

Amy B. Taylor September 19, 2025
eCommerce Growth Hacks for Small Businesses
  • eCommerce

eCommerce Growth Hacks for Small Businesses

Amy B. Taylor September 8, 2025
The Ultimate Guide to Building a Successful eCommerce Brand
  • eCommerce

The Ultimate Guide to Building a Successful eCommerce Brand

Amy B. Taylor September 1, 2025
October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    

Archives

Categories

  • Asset finance
  • Business
  • Business & Finance
  • Business News
  • Contruction
  • eCommerce
  • Education
  • Entertainment
  • General
  • Health
  • Marketing
  • Mental Health Related
  • Property
  • Real Estate
  • Society
  • Sports
  • Uncategorized
  • Web Development

Recent Posts

  • How Business Education Can Help You Master the Market
  • How to Manage Your Finance for Long-Term Growth
  • Top Business News That Will Influence Tomorrow’s Leaders
  • The Power of Digital Marketing for Small Businesses
  • Business Education: The Key to Staying Competitive

Fiverr

Fiverr Logo

BL

Tags

Amazon Business Login Amazon Business Prime Att Business Login Bank Of America Business Account Best Business Schools Business Business Attorney Near Me Business Bank Account Business Card Holder Business Card Maker Business Cards Near Me Business Card Template Business Casual Attire Business Casual Shoes Business Casual Woman Business Plan Examples Ca Business Search Capital One Business Credit Card Ca Sos Business Search Chase Business Checking Chase Business Credit Cards Chase Business Customer Service Chase Business Login Chase Business Phone Number Cheap Business Cards Citizens Business Bank Cox Business Login Digital Business Card Facebook Business Suite Finance In Business Free Business Cards Google Business Login Harvard Business School Lands End Business Massage Parlor Business Near Me Michigan Business Entity Search Mind Your Business Mind Your Own Business Ohio Business Search Risky Business Costume Skype For Business Small Business Loan Small Business Saturday 2021 Starting A Business Texas Business Entity Search
trekvita
thegroomspot

PONDOK

brightskinco
harmonivo

PL

lodgefly
grillzup

Related Article

How Business Education Can Help You Master the Market
  • Education

How Business Education Can Help You Master the Market

Amy B. Taylor October 5, 2025
How to Manage Your Finance for Long-Term Growth
  • Business & Finance

How to Manage Your Finance for Long-Term Growth

Amy B. Taylor October 2, 2025
Top Business News That Will Influence Tomorrow’s Leaders
  • Business News

Top Business News That Will Influence Tomorrow’s Leaders

Amy B. Taylor September 28, 2025
The Power of Digital Marketing for Small Businesses
  • Marketing

The Power of Digital Marketing for Small Businesses

Amy B. Taylor September 26, 2025
Business Education: The Key to Staying Competitive
  • Education

Business Education: The Key to Staying Competitive

Amy B. Taylor September 24, 2025
europatentbox.com | CoverNews by AF themes.

WhatsApp us