NIO & XPENG Retreat

Electric car stocks $NIO-SW (09866.HK)$ and $XPENG-W (09868.HK)$ opened plunging 4.8% and 3.2% lower, while $LI AUTO-W (02015.HK)$ opened falling 1.7%. For domestic demand and consumer stocks, $NONGFU SPRING (09633.HK)$ opened 0.9% higher, $HENGAN INT'L (01044.HK)$ opened 1% lower, and $TRIP.COM-S (09961.HK)$ opened 2.4% lower.