China ADRs slide as optimism over China stimulus wanes
** U.S.-listed shares of Chinese firms fall premarket as optimism over China stimulus measures fades
** Domestic stocks opened higher after a week-long break, but quickly lost steam after Zheng Shanjie, chairman of the National Development and Reform Commission, did not provide details to sustain market optimism in a conference
** E-commerce firms Alibaba Group Holding BABA.N down 8.7%, JD.com JD.O down 11.7% and PDD Holdings PDD.O declines 12.1%
** EV firms Li Auto LI.O down 11.5%, Nio NIO.N slips 12.5% and Xpeng XPEV.N drops 11.7%
** Gaming stock Bilibili BILI.O down 15.7%, search engine giant Baidu BIDU.O declines 9.5%, online video platform iQIYI IQ.O down 11.3%
** Online brokerages Futu Holdings FUTU.O and UP Fintech Holding TIGR.O slide 16.6% and 22.1%, respectively
** Online education firm Gaotu Techedu GOTU.N falls 11.6% and TAL Education Group TAL.N down 10.2%, while social media co Weibo WB.O slips 13.5%
** Chinese ETFs such as iShares MSCI China ETF MCHI.O down 13%, KraneShares CSI China ETF KWEB.P drops 12% and iShares China Large-Cap ETF FXI.P declines 11.2%
Reporting by Nikhil Sharma in Bengaluru
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