U.S.-Listed Chinese Stocks Mostly Fall Overnight, Baidu Drops 6.96%

U.S.-listed Chinese stocks were mostly lower overnight, with Baidu falling 6.96% to $92.55 and Alibaba edging down 0.51% to $112.66, according to ETNet. Among other major names, Bilibili rose 6.37% to $16.20, while iQIYI gained 11.76% to $0.98 and Zhihu climbed 10.08% to $2.84. JD fell 2.05% to $27.68, PDD dropped 2.99% to $79.75, and Tencent slipped 2.39% to $55.25. In the auto sector, Li Auto rose 0.73% to $12.46, while Nio and XPeng were little changed. In other sectors, BeiGene fell 1.89% to $351.48, New Oriental lost 3.97% to $57.15, and Futu declined 3.49% to $117.50. The U.S. dollar was quoted at HK$7.8414.