US-listed shares of Chinese firms fall after Trump signals tariff increases

Tencent Music Entertainment

10/10/2025 17:12

** U.S.-listed shares of Chinese companies fall sharply on Friday after President Donald Trump threatened a "massive" increase in U.S. tariffs on Chinese imports

** E-commerce firms Alibaba Group Holding BABA.N, JD.com Inc JD.O and PDD Holdings PDD.O fall between 5.9% and 6.9%

** Gaming stock Bilibili Inc BILI.O slides 7.8% and peer NetEase Inc NTES.O down 2.2%, while search engine giant Baidu Inc BIDU.O sheds 7%

** EV firms Li Auto Inc LI.O, Nio Inc NIO.N and Xpeng Inc XPEV.N slip between 2.5% and 7.3%

** Music streaming co Tencent Music Entertainment Group TME.N and online video platform IQIYI Inc IQ.O fall 4.5% and 4.9%, respectively, while social media co Weibo Corp WB.O and live streaming platform Huya Inc HUYA.N lose 4.5% and 2.8%, respectively

** Online education firms Gaotu Techedu Inc GOTU.N, TAL Education Group TAL.N and New Oriental Education & Technology Group Inc EDU.N down 3%-4.8%

** Online brokerages Futu Holdings Ltd FUTU.O and UP Fintech Holding Ltd TIGR.O dip 7.3% and 8.7%, respectively

** China ETFs such as IShares MSCI China ETF MCHI.O, China Large-Cap ETF FXI.N and KraneShares CSI China Internet ETF KWEB.K fall 3.9%-5.4%

 (Reporting by Ragini Mathur in Bengaluru)

 ((Ragini.Mathur@thomsonreuters.com;))