• Like
  • Comment
  • Favorite

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

Reuters11-06

** 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;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

empty
No comments yet
 
 
 
 

Most Discussed

 
 
 
 
 

7x24

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email:uservice@ttm.financial