BUZZ-China ADRs slide tracking mainland shares, amid rising geopolitical tensions

Reuters01-08

** U.S.-listed shares of Chinese companies fall in premarket trading tracking their domestic counterparts lower amid weakening confidence in the mainland economy and rising geopolitical tensions

** China's blue-chip CSI300 index lost over 1%, recording its lowest closing level since February 2019, while shares in Hong Kong dropped close to 2%

** E-commerce firms Alibaba Group Holding , JD.com

and PDD Holdings fall between 1.5% and 3.3%

** Gaming stocks Bilibili slides 2.4% and peer NetEase down 2.5%, while search engine giant Baidu

sheds 2.2%

** EV firms Li Auto , Nio and Xpeng slip between 1.7% and 4.8%

** Music streaming co Tencent Music Entertainment Group

and online video platform IQIYI fall 2.6% and 1.1%, respectively, while social media co Weibo Corp loses 1.1% as well

** Online education firms Gaotu Techedu Inc , TAL Education Group and New Oriental Education & Technology Group Inc down 1.7% - 2.7%

** Online brokerage Futu Holdings dips 1.5%

** China ETFs such as IShares MSCI China ETF , China Large-Cap ETF and KraneShares CSI China Internet ETF

fall 1.9% - 2.2%, while Direxion China CSI Daily Bull 2X slides 4.2%

(Reporting by Shashwat Chauhan in Bengaluru)

((Shashwat.Chauhan@thomsonreuters.com;))

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