Li Auto shares drop after L9 launch
Li Auto Inc. shares in Hong Kong slumped about 14% Monday, with the stock around HK$65 late in the session. The drop followed a cool market reaction to the company’s refreshed L9 flagship SUV. The stock last traded at HK$64.95, off from its previous close at HK$75.60, after hitting a session low of HK$64.50, according to Investing.com data.