"Stock Market Briefing" Chinese concept stocks listed in the US plummeted before the market, continuing the downturn in the Hong Kong market
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Chinese concept stocks listed in the US fell sharply before the market on Tuesday, following the slump in the Hong Kong market. E-commerce stocks such as Alibaba, JD.com, Pinduoduo, etc., experienced significant declines, while new forces in the automotive industry such as Li Auto, NIO, XPeng, etc., also saw a substantial drop. Despite the confidence expressed by the National Development and Reform Commission of China in achieving the annual economic target, market expectations for fiscal policy have not been met. The Hang Seng Index in Hong Kong recorded its largest single-day decline in nearly 16 years
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