In U.S. premarket trading, Chinese stocks broadly retreated. As of publication, Li Auto plummeted by over 4%, with XPeng Motors and NetEase declining by more than 3%. iQIYI also suffered a drop of over 2%, while NIO, Weibo, JD.com, and Pinduoduo saw declines exceeding 1%. Notably, Bilibili and Baidu bucked the trend, each rising by more than 1%.
