China ADRs fall after Trump imposes 10% tariff on imports

Tencent Music Entertainment

03/02/2025 11:19

** 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))