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