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Why XPeng Stock Is Lower Today

TheMotleyFool

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Shares of Chinese electric-vehicle (EV) maker XPeng (NYSE: XPEV) were trading lower on Monday, amid a broad-based sell-off of tech-related stocks on growing concerns about inflation and interest rates.

As of 1:15 p.m. ET today, XPeng's American depositary shares were down about 7.6% from Friday's closing price.

There was no major news driving XPeng's stock lower on Monday. The company's shares fell amid a sell-off triggered by a jump in the benchmark 10-year U.S. Treasury rate, from 1.769% on Friday to 1.8% early on Monday.

Source Fool.com

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