<div id="readability-page-1"><div><div><p>Major Chinese technology and auto stocks tumbled on Monday as renewed trade hostilities between Washington and Beijing sent jitters across Asian markets. Hong Kong's Hang Seng index plunged 2.28%, and mainland China's CSI 300 saw a decline of 0.95%.</p><h2><strong>Tech Companies Lead The Sell-Off</strong></h2><p>Leading the sell-off were some of China’s most prominent companies. E-commerce giant <strong>Alibaba Group Holding Ltd.</strong>‘s (NYSE:BABA) Hong Kong-listed stock fell 3.87%, while search engine leader <strong>Baidu Inc. </strong>(NASDAQ:BIDU) saw its shares drop by 4.61%.</p><p>Other significant decliners included <strong>JD.com Inc.</strong> (NASDAQ:JD), which fell 4.78%, and Tencent Holdings, down 3.03%. The slide extended to other tech and electric vehicle firms, with <strong>Kuaishou Technology </strong>dropping 5.66%, <strong>Pinduoduo Inc. </strong>(NASDAQ:PDD) falling 5.23%, <strong>NIO Inc.</strong> (NYSE:NIO) declining 5.80%, and<strong> Li Auto Inc.</strong> (NASDAQ:LI) down by 4.50%.</p><h2><strong>China Says Not ‘Afraid’ Of Trade War</strong></h2><p>The market downturn followed a fresh escalation in trade friction. According to reports, China's Ministry of Commerce on Sunday stated, “we are not afraid of” a trade war after President <strong>Donald Trump</strong> threatened to impose new retaliatory tariffs. </p><p>Beijing accused the U.S. of a “textbook double standard” following Trump’s promise of 100% tariffs after China implemented new export controls on rare earth minerals.</p><p>The negative sentiment rippled across the region, with South Korea's Kospi dropping 1.10% and Australia's S&amp;P/ASX 200 closing down 0.84%. Markets in Japan were closed for a holiday.</p><h2><strong>Trump De-Escalates The Situation</strong></h2><p>In a subsequent Truth Social post, President Trump appeared to soften his stance, telling investors, “Don't worry about China, it will all be fine!”</p><p>This led to a rally in U.S. stock futures, with Dow Jones, S&amp;P 500, and Nasdaq 1000 futures trading higher.</p><p> However, the move did little to immediately reverse the slide in Asian markets, which had already priced in the heightened risk of a prolonged trade dispute. The sell-off in Asia onMonday followed a rough session on Wall Street on Friday.</p><ul> <li><strong>Wall Street Expects Trump's ‘Massive' Tariff Hike Threat Against China To Hurt US More, Says Expert: ‘Dollar Is Not Looking Healthy'</strong></li> </ul><p><em><strong>Disclaimer:</strong> This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</em></p><p><em>Photo courtesy: Robert Way / Shutterstock.com</em></p></div></div></div>

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<p>Major Chinese tech stocks, including Alibaba, Baidu, JD, and Tencent, fell sharply due to renewed US-China trade tensions, with Hong Kong's Hang Seng index down 2.28%. The decline followed President Trump's tariff threats, prompting a sell-off in the region. Despite China's Ministry of Commerce stating they are not afraid of a trade war, the negative sentiment persisted. Trump's later comments on social media seemed to ease concerns, leading to a rise in US stock futures, but did little to reverse the downturn in Asian markets.</p>

- Major Chinese technology and auto stocks fell sharply due to renewed trade tensions between the U.S. and China, with Hong Kong's Hang Seng index dropping 2.28%.  
- Significant declines were seen in major companies like Alibaba, Baidu, and JD.com, reflecting widespread negative sentiment across Asian markets.  
- Despite President Trump's later comments suggesting a de-escalation, the initial market reaction indicated concerns over a prolonged trade dispute.  

Benzinga

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Alibaba, Baidu, JD, Tencent And Other Chinese Stocks Tumble As Trump's Tariff Threats Renew US-China Trade Fears