BUZZ-China ADRs fall as domestic stocks decline over property sector concerns

Reuters01-30

** U.S.-listed shares of Chinese companies fall premarket, mirroring a slump in domestic stocks, as worries about the country's real-estate sector increase

** A Hong Kong court on Monday ordered the liquidation of property giant China Evergrande Group, overshadowing optimism over government's economic measures

** E-commerce firm Alibaba Group Holding falls 1.6% while JD.com Inc and PDD Holdings fall more than 3.5%

** Gaming stocks Bilibili Inc slides 3.5% and peer NetEase Inc down 2.9%, while search engine giant Baidu Inc sheds 2.5%

** EV firms Li Auto Inc , Nio Inc and Xpeng Inc slip over 1.6% each

** Music streaming co Tencent Music Entertainment Group

and online video platform IQIYI Inc fall 3% and 1.5%, respectively, while social media co Weibo Corp and live streaming platform Huya Inc lose 1.5% each

** Online education firms Gaotu Techedu Inc , TAL Education Group and New Oriental Education & Technology Group Inc down between 2.5%-3.5%

** Online brokerages Futu Holdings Ltd and UP Fintech Holding Ltd dip 1.6% and 2%, respectively

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

fall over 2%, while Direxion China CSI Daily Bull 2X

slides 4%

(Reporting by Purvi Agarwal in Bengaluru)

((Purvi.Agarwal@thomsonreuters.com))

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