BUZZ-China ADRs fall ahead of stimulus announcement-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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BUZZ-China ADRs fall ahead of stimulus announcement

Reuters10-11

** U.S.-listed shares of Chinese firms down premarket, tracking domestic stocks, which fell on concerns about whether the policy support would be big enough to revive growth

** China's finance ministry to detail plans on fiscal stimulus to boost the economy at a highly expected news conference on Saturday

** E-commerce firms Alibaba Group Holding down 1.72%, JD.com down 2.66% and PDD Holdings declines 2.97%

** EV firms Li Auto down 3.13%, Nio slips 1.77% and Xpeng drops 2.92%

** Gaming stock Bilibili down 3.21%, search engine giant Baidu declines 1.46%, online video platform iQIYI

down 5.08%

** Music streaming company Tencent Music Entertainment Group

falls 2.55%

** Online education firm Gaotu Techedu falls 2.96% and TAL Education Group down 5.18%, while social media platform Weibo slips 2.16%

** Chinese ETFs such as iShares MSCI China ETF down 2.5%, KraneShares CSI China ETF drops 2.8% and iShares China Large-Cap ETF declines 2%

(Reporting by Sukriti Gupta)

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

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