Shares of electric vehicle companies saw a downturn. Li Auto (LI) fell by over 1%, Nio (NIO) dropped more than 2%, while Tesla (TSLA, Financial) declined over 2.6%. Xpeng (XPEV) experienced the most significant drop, falling more than 5.6%.
The broader U.S. stock markets also faced losses. The Nasdaq Composite decreased by 0.28%, the S&P 500 slipped by 0.16%, and the Dow Jones Industrial Average was down by 0.08%.
