Why Li Auto Inc. (LI) Went Down On Monday?
From Yahoo Finance: 2025-04-08 09:24:00
Chinese Stocks dominated Monday’s worst performers, with Li Auto Inc. (NASDAQ:LI) among them. The Nasdaq was the only gainer, up 0.10%, while the Dow Jones fell by 0.91% and the S&P 500 dropped by 0.23%. 10 companies, mostly Chinese stocks, were sold down due to escalating trade tensions. LI dropped 6.76% on Monday amidst trade war fears. LI enters the Philippine market as demand for EVs rises, offering family-oriented range-extended EVs. CEO Stone Yu sees significant opportunity in the Philippines market for LI’s innovative smart EVs. LI ranks 8th among worst performers on Monday, but AI stocks may offer greater returns. Check out our report on the cheapest AI stock for higher potential returns.
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