China ADRs fall as latest domestic stimulus update fails to impress
** U.S.-listed shares of Chinese firms fall premarket as the Saturday news conference in Beijing left investors guessing the overall size of the stimulus package
** Finance Minister Lan Foan reiterated Beijing's broad plans to revive the ailing economy, promising significant increases to government debt and support for consumers and property sector
** China's financial markets have been on a rollercoaster ride since late September when policymakers unveiled stimulus measures
** E-commerce firms Alibaba Group Holding BABA.N down 1.4%, JD.com JD.O down 0.5% and PDD Holdings PDD.O 1.9% lower
** EV firms Nio NIO.N slips 1.4%, Xpeng XPEV.N drops 4%
** Gaming stock Bilibili BILI.O down 2.3%, search engine giant Baidu BIDU.O declines 2.1%, online video platform iQIYI IQ.O down 2.3%
** Music streaming company Tencent Music Entertainment Group TME.N falls 1.8%, social media platform Weibo WB.O slips 1.6%
** Shanghai Composite .SSEC closed 2.1% higher, blue-chip CSI300 .CSI300 rose 1.9%, while Hang Seng .HSI was down 0.8%
** Chinese ETFs such as iShares MSCI China ETF MCHI.O down 1.2%, KraneShares CSI China ETF KWEB.P drops 2.1% and iShares China Large-Cap ETF FXI.P declines 1.02%
Reporting by Sukriti Gupta
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