BUZZ-U.S.-listed Chinese stocks, ETFs tumble on China Evergrande's solvency worries

Markets around the world were spooked by worries sparked by the world's most indebted property developer

  
A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China February 13, 2019. REUTERS/Stringer Image used for illustrative purpose

A man looks on in front of an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China February 13, 2019. REUTERS/Stringer Image used for illustrative purpose

REUTERS

** U.S.-listed Chinese stocks and ETFs slid in premarket trading on worries of a fallout for China's economy from growing worries about China Evergrande Group  solvency 

** Shares in e-commerce giants Alibaba and JD.com fell nearly 4% each, while ride-hailing firm Didi dropped 4.6%

** Music streaming company Tencent Music slipped 4.1% and electric car maker Nio Inc lost 3.9%

** E-commerce platform Pinduoduo and mobile game publisher Bilibili lost about 5% each

** Invesco's Golden Dragon China ETF was down 5.0%, the iShares China Large-Cap ETF FXI shed 3.3%

** Markets around the world were spooked by worries sparked by the world's most indebted property developer, whose shares tumbled to over 11-year lows 

(Reporting by Shreyashi Sanyal) ((Shreyashi.Sanyal@thomsonreuters.com))


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