BUZZ-China ADRs fall after mainland peers drop as Trump presidency looms

Reuters11-06 18:18

** Chinese companies' US-listed shares fall premarket on worries over growing U.S.-China trade tensions as Trump presidency looms

** China's yuan and stock markets fell sharply as the prospect of another Donald Trump presidency risked heightened tensions over trade and technology

** Trump had promised voters he will impose tariffs of 60% or more on goods from China

** China's blue-chip CSI300 Index fell 0.5%, while Hong Kong's benchmark Hang Seng fell 2.3%

** E-commerce firms Alibaba Group Holding down 2.7%; JD.com falls 3.6% and PDD Holdings slides 6.5% in premarket trading

** EV firms Li Auto down 6.5%, Nio and Xpeng

both down nearly 5%

** Gaming stock Bilibili down 4.8%, search engine giant Baidu falls nearly 2.1%, video platform iQIYI

slides 5.4%

** Tencent Music and Weibo both down 4.2%

** Chinese ETFs such as iShares MSCI China ETF down 2.3%, KraneShares CSI China ETF falls 3.1% and iShares China Large-Cap ETF down 2.5%

(Reporting by Sukriti Gupta in Bengaluru)

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

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