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%
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