Alibaba, JD Take Hang Seng Lower On China Growth Worries,Xpeng Gains After Reporting Delivers

$Alibaba(BABA.US)$ $JD.com(JD.US)$ $Tencent(TCEHY.US)$ $Baidu(BIDU.US)$ and $Li Auto(LI.US)$ fell in Hong Kong on Monday, while $XPeng(XPEV.US)$ traded higher.
The Hang Seng Index is dropping lower for a fifth straight day amid worries about slowing economic growth in China. Embattled property developer $中国恒大(ADR)(EGRNY.US)$ debt crisis also weighed on sentiment.China’s manufacturing activity contracted for the second straight month in October, official data released over the weekend showed.Shares of Chinese companies closed notably lower in U.S. trading on Friday even as the major averages in the U.S. closed at record highs.