BUZZ-China ADRs rise as Trump holds off on tariffs
** U.S.-listed shares of Chinese companies rise premarket as President Donald Trump holds off on China tariffs
** Trump had threatened a 60% tariff on Chinese goods during his campaigns
** Trump signs executive order to delay enforcement of ban on popular short-video app TikTok by 75 days, but says he might impose tariffs on China if Beijing does not approve potential U.S. deal with TikTok
** E-commerce firms Alibaba Group Holding BABA.N, JD.com Inc JD.O and PDD Holdings PDD.O rise between 2.06% and 3%
** Gaming stock Bilibili Inc BILI.O rises 1.14% and peer NetEase Inc NTES.O rises 0.95%, while search engine giant Baidu Inc BIDU.O rises 0.89%
** EV firms Li Auto Inc LI.O and Xpeng Inc XPEV.N and gain 5.62% and 6.51% respectively; peer Nio Inc NIO.N gains 0.92%
** Music streaming company Tencent Music Entertainment Group TME.N rises 2.97% and online video platform IQIYI Inc IQ.O up 2.1%; social media company Weibo Corp WB.O climbs 0.21% and live streaming platform Huya Inc rises 2.12%
** Online brokerage Futu Holdings Ltd FUTU.O gains 1.11% and peer UP Fintech Holding Ltd TIGR.O gains 2.1%
** China ETFs IShares MSCI China ETF MCHI.O, China Large-Cap ETF FXI.N and KraneShares CSI China Internet ETF KWEB.K gain between 1.32% to 2.01%; Direxion China CSI Daily Bull 2X ETF CWEB.K advances 3.8%
(Reporting by Sanchayaita Roy in Bengaluru)
((sanchayaita.roy@thomsonreuters.com))
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