On March 18, during the pre-market trading session in the U.S. stock market, a significant portion of the highly sought-after Chinese concept stocks witnessed a downturn. Notably, Li Auto's stock price plummeted by more than 5%. Weibo's shares also took a hit, declining by over 4%, while Bilibili's stock decreased by more than 2%. XPeng and NIO experienced more modest drops, with their shares falling by 0.63% and 0.5%, respectively. In contrast, Alibaba and Baidu bucked the trend, with their stock prices rising by more than 1%. NetEase also saw a slight uptick, with its shares increasing by 0.68%.
