BUZZ-China ADRs fall tracking declining domestic peers

Reuters01-22

** U.S.-listed shares of Chinese companies decline in premarket trade, tracking a slide in their domestic peers

** Hong Kong shares slumped 2% to a 14-month low, while Chinese domestic blue-chips hovered near a 5-yr low as foreign outflows continued over concerns about the region's deepening economic woes

** E-commerce firms Alibaba Group Holding , JD.com Inc and PDD Holdings fall between 2.6% and 4.4%

** Gaming stocks Bilibili slides 5.6% and peer NetEase down 3.8%, while search engine giant Baidu

sheds 4.4%

** EV firms Li Auto Inc , Nio Inc and Xpeng Inc slip between 3.5% and 7.5%

** Music streaming co Tencent Music Entertainment Group

and online video platform IQIYI fall 3.6% and 3.3%, respectively, while Social media co Weibo and live streaming platform Huya lose 3.3% and 8.5%, respectively

** Online education firms Gaotu Techedu Inc , TAL Education Group and New Oriental Education & Technology Group Inc down 3.0% - 5.5%

** Online brokerages Futu Holdings and UP Fintech Holding dip 3.0% and 2.2%, respectively

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

fall 3.3% - 3.9%, while Direxion China CSI Daily Bull 2X slides 8.1%

(Reporting by Shashwat Chauhan in Bengaluru)

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

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