LI - Hot Stocks: Chinese EV stocks fall; CRWD rises on earnings; JD ASAN plunge; EPIX hits high
Stocks dipped on Thursday, giving back a portion of Wednesday's sharp gains amid worries about inflation and ongoing fighting in Ukraine. Chinese electric vehicle stocks were among those caught in the downdraft, with Nio (NYSE:NIO), XPeng (NYSE:XPEV) and Li Auto (NASDAQ:LI) all posting notable losses. This slide was part of a general decline in China-related names. JD.com (NASDAQ:JD) was among the leaders to the downside, posting a double-digit percentage loss in the wake of its quarterly results. The stock also reached a 52-week low during the session. Elsewhere in the market, Asana (NYSE:ASAN) was another major decliner. The stock lost more than a fifth of its value following the release of earnings news. Looking to the upside, CrowdStrike (NASDAQ:CRWD) received substantial buying interest after the announcement of its financial figures. Ebix (NASDAQ:EBIX) also posted a notable advance, boosted by news of a planned IPO by its Indian subsidiary. Sector In
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Hot Stocks: Chinese EV stocks fall; CRWD rises on earnings; JD, ASAN plunge; EPIX hits high