Nio Ltd, ticker 09866, fell as much as 10.7% to HK$29.64, marking a 52-week low, according to ETNet.

The day’s range ran from HK$29.62 to HK$33.66, with 6.4535 million shares traded for HK$204 million.

The stock has declined for four straight sessions, slipping 15.5% over that span.

The Hang Seng Tech Index was at 4,571, down 48 points, or about 1%.