Li Auto Inc (NASDAQ: LI) shares are trading lower by 2.5% to $34.10 Thursday morning on recent, continued weakness. Shares of several Chinese stocks are trading lower Thursday following China Evergrande Group stock being suspended in Hong Kong amid reports that its chairman has been under police surveillance.
Chinese stocks began their recent volatility amid concerns over the country's property sector following reports suggesting China Evergrande said it's unable to issue new debt due to an ongoing investigation into its Hengda Real Estate subsidiary.
Why It Matters
The Evergrande crisis can lead ...