Chinese ADRs dropped in morning trading. YINN fell 4%; Pony AI and WeRide fell 10%; XPeng fell 6%; Tencent Music and iQiyi fell 4%; Alibaba, Bilibili, and NIO fell 3%; JD.com and Li Auto fell 2%; PDD Holdings fell 1%; Baidu fell 0.9%.
Chinese ADRs dropped in morning trading. YINN fell 4%; Pony AI and WeRide fell 10%; XPeng fell 6%; Tencent Music and iQiyi fell 4%; Alibaba, Bilibili, and NIO fell 3%; JD.com and Li Auto fell 2%; PDD Holdings fell 1%; Baidu fell 0.9%.
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