Alibaba Snaps Winning Streak, Nio, EV Peers Slip: What's Dragging Hong Kong Stocks Today

Honk Kong stocks were trading lower early on Thursday, with most U.S.-listed Chinese tech and electric vehicle shares slipping into the red, despite positive cues from global markets. Tech Retreat:   Alibaba Group Holding Ltd  (NYSE: BABA ) fell after three straight sessions of gains. The stock recently picked up momentum amid upbeat analyst views about the company's June-quarter earnings and on hopes of easing regulatory crackdowns in China. JD.com Inc.  (NASDAQ: JD ) fell again on Thursday, while technology and entertainment conglomerate Tencent Holdings Ltd  (OTC: TCEHY ) ticked up. How Big Techs Are Faring In Hong Kong Stocks Movement (+/-) Alibaba -0.60% Tencent +0.46% Baidu -2.60% JD.Com -0.96% Related Link:  Full story available on Benzinga.com