China ETF, ADRs mirror weakness at home amid cocktail of risks

LexinFintech Holdings

09/11/2018 12:03

** IShares China Large-Cap ETF  FXI.P  falls for first time
in 7 days, with 2.3 pct slide its steepest in over 2 weeks
    ** Chinese stock market falls for 5th straight day  .SS  on
mix of weak data, worries over rising pressure on financials and
over a new board in Shanghai disrupting already weak A-share mkt
    ** U.S.-listed Chinese companies hit the most: majors
Alibaba  BABA.N , Baidu  BIDU.O  and JD.com  JD.O  down 2.8-3.2
pct premarket
    ** Chat app maker Momo Inc  MOMO.O  slides over 4 pct; Weibo
 WB.O  falls over 3 pct; e-commerce firms Vipshop  VIPS.N  and
Pinduoduo  PDD.O  and electric carmaker Nio  NIO.N  drop 1-2 pct
    ** Gaming-based companies Bilibili  BILI.O , Huya  HUYA.N ,
iQiyi  IQ.O  and NetEase  NTES.O  down 2.5-2.9 pct as Tencent
 0700.HK  drops  urn:newsml:reuters.com:*:nL4N1XK27I
    ** LexinFintech  LX.O , PPDAI Group  PPDF.N , Qudian  QD.N 
and Yirendai  YRD.N  flat to down 1 pct
    ** Online lenders and fintechs are faring better than
financials  .CSI300FS  amid plans to set banks targets in a push
for credit support to private firms  urn:newsml:reuters.com:*:nB9N1X6040

 (Reporting by Savio D'Souza)
 ((RM:savio.dsouza.thomsonreuters.com@reuters.net))