Stock Track | XPeng Plummets 10.61% as Hong Kong Tech Stocks Face Broad Selloff

Stock Track

Apr 07, 2025

XPeng (XPENG-W) shares plummeted 10.61% at the market open on Monday, as Hong Kong's technology sector faced a significant selloff. The electric vehicle maker's stock decline was part of a broader market downturn that saw the Hang Seng Tech Index fall by 11%.

The selloff was not limited to XPeng, as other major tech companies also experienced substantial losses. Alibaba, BYD, and Nio saw their shares drop by 13%, while Xiaomi fell 12%. Tech giants Tencent and JD.com, along with XPeng, declined by 11%. The widespread nature of the selloff suggests a sector-wide issue rather than company-specific concerns.

This market decline comes amid a challenging environment for Hong Kong stocks, with the broader Hang Seng Index falling 9% at the open. The reasons behind this significant market downturn were not immediately clear, but investors appeared to be reducing their exposure to the tech sector as a whole, potentially due to macroeconomic concerns or regulatory uncertainties affecting Chinese tech companies.

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The reasons behind this significant market downturn were not immediately clear, but investors appeared to be reducing their exposure to the tech sector as a whole, potentially due to macroeconomic concerns or regulatory uncertainties affecting Chinese tech companies.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09868","symbol_name":"小鹏汽车-W","start_time":0,"source_url":"","article_id":"1150215763","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1150215763","pubTimestamp":1743989594,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"XPeng  shares plummeted 10.61% at the market open on Monday, as Hong Kong's technology sector faced a significant selloff. 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