Chinese ADRs fall after their continental counterparts fall due to the impending Trump presidency – 06/11/2024 at 11:18

Chinese ADRs fall after their continental counterparts fall due to the impending Trump presidency – 06/11/2024 at 11:18
Chinese ADRs fall after their continental counterparts fall due to the impending Trump presidency – 06/11/2024 at 11:18

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

November 6 – **Shares of U.S.-listed Chinese companies fall in early trading on concerns over growing U.S.-China trade tensions ahead of Donald Trump's presidency

** The yuan and Chinese stock markets fell sharply as the prospect of another Donald Trump presidency risks worsening tensions over trade and technology

** Mr. Trump promised his voters to impose tariffs of 60% or more on products from China

** China's CSI300 index .CSI300 fell 0.5%, while Hong Kong's benchmark Hang Seng index .HSI fell 2.3% .SS

**E-commerce companies Alibaba Group Holding

BABA.N down 2.7%; JD.com JD.O falls 3.6% and PDD Holdings PDD.O slides 6.5% in pre-market trading

** Electric vehicle companies Li Auto LI.O down 6.5%, Nio NIO.N and Xpeng XPEV.N down almost 5%

** Bilibili BILI.O down 4.8%, search engine giant Baidu BIDU.O falls almost 2.1%, video platform iQIYI IQ.O loses 5.4%

** Tencent TME.N and Weibo WB.O down 4.2%

**China ETFs such as iShares MSCI China ETF MCHI.O down 2.3%, KraneShares CSI China ETF KWEB.P down 3.1% and iShares China Large-Cap ETF FXI.P down 2.3% .5%

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