Shares of Nio Inc - ADR (NYSE: NIO) and XPeng Inc - ADR (NYSE: XPEV) are trading lower in sympathy with Li Auto, which fell after the company reported worse-than-expected third-quarter financial results.
Hong Kong shares opened in the green on Friday following positive cues from Wall Street where major indices gained following the release of the jobless claims data.
Hong Kong stocks opened in the green on Thursday morning, with the benchmark Hang Seng gaining over 1.5%, as investors and traders cheered the easing COVID-19 restrictions in China, which signaled a reopening of the economy. The government announced that work and local prod
Hong Kong stocks opened mixed on Wednesday morning as investors and traders remained cautious over recession concerns that sparked a weak session on Wall Street the day before.
Someone with a lot of money to spend has taken a bearish stance on XPeng (NYSE:XPEV).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.