Popular Chinese Stocks Decline Pre-Market: BILI, FUTU, XPEV Suffer Major Losses

Oct 08, 2024

In recent pre-market trading, several prominent Chinese stocks have experienced significant declines. Bilibili (BILI, Financial) saw its shares fall by more than 15%, indicating a possible shift in investor sentiment or market conditions affecting the company.

Futu Holdings (FUTU) also faced a substantial drop, with its stock decreasing nearly 14%. This decline suggests potential challenges or concerns within the broader market or specific to the company's operations.

Meanwhile, XPeng Motors (XPEV) reported a loss of over 12% in its stock value, as the electric vehicle maker contends with market pressures that may be influencing its stock performance.

Additionally, iQIYI and Li Auto experienced declines exceeding 11%, reflecting a general downturn for these popular Chinese stocks in the pre-market session.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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