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.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。