According to the Zhitong Finance APP, on Tuesday, popular Chinese concept stocks declined across the board before the market opened. XPeng Motors (XPEV.US) fell more than 6%, Li Auto (LI.US) and Alibaba (BABA.US) dropped over 4%, Tiger Securities (TIGR.US) and New Oriental (EDU.US) declined more than 3%. On the news front, as signs of escalation emerged on the fourth day of the US-Iran conflict, the market began to worry that the war might last longer than expected. U.S. stock index futures all fell more than 1%, and major European indices generally declined.
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US stock movement | Popular Chinese concept stocks decline before market open, XPeng Motors(XPEV.US) drops over 6%
According to the Zhitong Finance APP, on Tuesday, popular Chinese concept stocks declined across the board before the market opened. XPeng Motors (XPEV.US) fell more than 6%, Li Auto (LI.US) and Alibaba (BABA.US) dropped over 4%, Tiger Securities (TIGR.US) and New Oriental (EDU.US) declined more than 3%. On the news front, as signs of escalation emerged on the fourth day of the US-Iran conflict, the market began to worry that the war might last longer than expected. U.S. stock index futures all fell more than 1%, and major European indices generally declined.