During the pre-market trading session on U.S. stock exchanges, a majority of the highly regarded Chinese concept stocks experienced a downturn. Notably, XPeng Inc. witnessed a significant decline, with its stock price plummeting by more than 3%. Other prominent names, such as Baidu and NetEase, also faced considerable losses, with their shares dropping over 2%. NIO, Li Auto, and JD.com were not spared from the market turmoil, as their stocks fell by more than 1%. However, amidst the general downward trend, Pinduoduo emerged as a bright spot, with its stock price increasing by 1%.
