24H|China ADRs and ETFs Fall; Kingsoft Cloud Drops 4%; XPeng down 3%; PDD down 2%; Tesla, Nvidia Fall 1%

Tiger Newspress
06 May

China ADRs and ETFs fell in overnight trading. Kingsoft Cloud, Kanzhun fell 4%; XPeng fell 3%; PDD fell 2%; JD.com fell 1.4%; Li Auto, Alibaba fell 1%.

Tesla Motors and NVIDIA fell 1% in overnight trading.

Gold prices rose on Monday as an uncertain economic outlook drove up safe-haven demand ahead of this week’s Federal Reserve rate decision.

Spot gold gained 1.3% to $3,377 by 10:00 p.m. ET, erasing most of its losses from the previous week.

Gold stocks rose in overnight trading. Harmony Gold, Newmont, Kinross rose 2%; Barrick Gold rose 1%.

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