BUZZ-China ADRs fall after Trump imposes 10% tariff on imports

Reuters02-03

** U.S.-listed shares of Chinese companies fall in premarket trade after U.S. President Donald Trump imposes 10% tariff on Chinese imports

** E-commerce firms Alibaba Group Holding BABA.N, JD.com JD.O and PDD Holdings PDD.O fall between 1.7% and 4.4%

** Gaming stocks Bilibili BILI.O and NetEase NTES.O fall 2.8% and 1.2%; search engine giant Baidu BIDU.O down 2.8%

** EV firms Li Auto LI.O down 4.9%, Xpeng XPEV.N down 1.8%; Nio NIO.N falls 2.35%

** Music streaming company Tencent Music Entertainment Group TME.N falls 1.6% and online video platform IQIYI IQ.O down 1.8%; live streaming platform Huya HUYA.N slips 2.3%

** Online brokerage Futu Holdings FUTU.O falls 2.5% and peer UP Fintech Holding TIGR.O down 2.8%

** IShares MSCI China ETF MCHI.O, China Large-Cap ETF FXI.N and KraneShares CSI China Internet ETF KWEB.K down between 1.5% to 2.4%; Direxion China CSI Daily Bull 2X ETF CWEB.K drops 4.9%

(Reporting by Sanchayaita Roy in Bengaluru)

((Sanchayaita.roy@thomsonreuters.com))

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