BUZZ-China ADRs slide on jitters over Trump's investment restrictions

U.S.-listed shares of Chinese companies drop, in-line with domestic counterparts

A White House official on Friday said Trump signed a memorandum that will direct the Committee on Foreign Investment in the United States to restrict Chinese investments in strategic areas

E-commerce firms JD.com JD.O and Temu-parent PDD Holdings PDD.O slide about 8% each

Alibaba Group BABA.N, down 9.7%, also says it plans to invest at least 380 billion yuan ($52.44 billion) into its cloud computing and artificial intelligence infrastructure over the next three years

Gaming stock Bilibili BILI.O slides 10.6% and peer NetEase NTES.O down 4.6%; search engine giant Baidu BIDU.O falls 4.2%

Music streaming co Tencent Music Entertainment Group TME.N and online video platform IQIYI IQ.O fall 9.8% and 8.7%, respectively

Online education firms Gaotu Techedu GOTU.N, TAL Education Group TAL.N and New Oriental Education & Technology Group EDU.N down more than 7% each

Online brokerages Futu Holdings FUTU.O and UP Fintech Holding Ltd TIGR.O dip close to 13% each

China ETFs IShares MSCI China ETF MCHI.O and KraneShares CSI China Internet ETF KWEB.K drop 3.7% and 6.6%, respectively

China's blue-chip CSI300 Index .CSI300 closed about 0.2% lower and Hong Kong's Hang Seng Index .HSI fell about 0.6%