BUZZ-China ADRs drop as investors cautious despite Beijing's stimulus boost

Reuters09-25

** U.S-listed shares of Chinese cos fall premarket, after sharp rally on Tuesday following China's stimulus measures

** Investors concerned stimulus plans won't do enough to boost demand

** Move despite domestic Chinese stock indexes

rising over 1%

** Alibaba Group , JD.com and PDD Holdings

fall between 3.7% and 4.9%, had gained between 7.9% and ~14% the previous day

** Gaming stock Bilibili loses 5.7%, search engine giant Baidu falls 4%

** EV firms Li Auto , Nio and Xpeng drop between 5.6% and 4.4% after gaining between 11.4% and ~12% in last session

** Tencent Music Entertainment Group down 5%

** Exchange-traded funds tracking China stocks slide - iShares MSCI China ETF down 2.9%, KraneShares CSI China Internet ETF falls 4%, after jumping between ~9% and 10.3% in previous session

(Reporting by Sukriti Gupta in Bengaluru;)

((Sukriti.Gupta@thomsonreuters.com;))

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