Chinese ADRs were mostly lower in premarket trade ahead of Alibaba's results, and after a meeting between U.S. President Joe Biden and China President Xi Jinping didn't result in new agreements on the economic front. Alibaba $(BABA)$, Nio $(NIO)$, XPeng $(XPEV)$ and Li Auto $(LI)$ each were trading about 3% lower, as the Hang Seng (HK:HSI) fell nearly 2%, in a session that also was colored by results from Tencent (HK:700). Alibaba's investor call is due to start at 7:30 a.m. Eastern.
For more from MarketWatch: http://www.marketwatch.com/newsviewer
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
November 16, 2023 05:41 ET (10:41 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.