U.S.-listed Chinese ADRs broadly tapered off, with the Nasdaq Golden Dragon China Index diving 228 points, or 3%, to close at 7,442.

News of BYD COMPANY (01211.HK)  +15.200 (+4.822%)    Short selling $3.65B; Ratio 39.133%   ’s share placing weighed on auto stocks, with BYD’s ADR (BYDDY.US)      tumbling 9.1% overnight to US$87.1. XPeng (XPEV.US)      and Zeekr (ZK.US)      eroded 5.8% and 6.6%, respectively, while NIO (NIO.US)      and Li Auto (LI.US)      tumbled 8.6% and 10.9%. Cloud service providers also faced pressure, with GDS Holdings (GDS.US)      plunging 16.3% and Kingsoft Cloud (KC.US)      subsiding 8.4%.

Related NewsJPM Top Picks for Autos Still BYD COMPANY, XPENG-W, LEAPMOTOR
Among major techs, Alibaba (BABA.US)      lost 1.3%, Tencent’s ADR (TCEHY.US)      dipped 0.9%, and Pinduoduo (PDD.US)      fell 1%. Baidu (BIDU.US)      and Bilibili (BILI.US)      shed 2.5% and 2.6%, respectively, while Vipshop (VIPS.US)      faded 2.9%, NetEase (NTES.US)      stumbled 3.1%, and JD.com (JD.US)      and New Oriental (EDU.US)      cratered 4% and 4.8%. Trip.com (TCOM.US)      bucked the trend, soaring 2%.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-04-08 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)