Hot Chinese ADRs Slid in Morning Trading, With XPeng Dropping over 7%

Hot Chinese ADRs slid in premarket trading.XPeng dropping over 4%; Li Auto, JD.com fell about 2%; Tencent Music, Alibaba, iQiyi, PDD Holdings fell over 1%.Investors have shifted their focus back to corporate earnings after digesting positive factors like China’s market support measures and Thursday’s Fed decision. Weak earnings risk derailing the rebound in Chinese ADRs.$Li Auto$ on Thursday revised down its delivery outlook for 1Q24, citing lower-than-expected order intake.The electric vehicle
Hot Chinese ADRs Slid in Morning Trading, With XPeng Dropping over 7%

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