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Benzinga
Benzinga
Business
Henry Khederian

Here's Why Li Auto And XPeng Shares Are Moving

Li Auto China Li Auto Inc NYSE

Shares of Chinese companies, including Li Auto Inc (NASDAQ:LI) and XPeng Inc - ADR (NYSE:XPEV), are trading lower, selling off following marked strength Wednesday amid reports indicating China's financial stability and development committee urged market stability measures.

Shares of several Chinese stocks have seen weakness amid a COVID-19 outbreak in the country which has caused some business operations to cease. Shares of Asia-Pacific stocks have also seen weakness in March as Russia-Ukraine tensions weigh on trader and investor sentiment.

See Also: What's Driving The Action In Occidental Petroleum Shares Today?

Li Auto is trading lower by 3.9% at $25.03.

XPeng is trading lower by 9.4% at $24.93.

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