shares of major uslisted chinese companies mostly traded lower again in hong kong on tuesday with tech giants like alibaba group holdings baba tencent holdings tcehy baidu inc bidu and jdcom jd deep in the red in the electric vehicle segment nio inc nio and xpeng inc xpev shed as much as 3 while li auto inc li bucked the downtrend shares of these chinese companies ended lower on monday on us bourses global markets recap at press time the benchmark hang seng index was trading down about a percent dragged by weaker global cues elsewhere japans nikkei 225 lost 2 while shanghais sse composite index shed 19 and singapores sgx nifty fell 010 macro factors the fear of the us federal reserve tightening monetary policy again after hotterthanexpected inflation data continued to hurt investor sentiments across global markets an increase in covid19 cases in china also stoked worries as the government reimposed restrictions just weeks after lifting a strict lockdown country meanwhile the msci allcountry world index is down more than 20 from its recent peak a resonation of the bear market company in news chinese tech giant tencent has bought a stake worth 264 million in walmart incs wmt flipkart according to media reports citing official documents xpeng will use the integrated diecasting technology from guangdong hongtu technology the latter said in a release as ev makers seek new methods to bump up efficiency