The Livermore Chinese Concept Stocks Leading Index fell 0.95% at Thursday's open, with 童程童美 plunging 10.15% and 奇景光电 dropping 8.32%. The broad-based selloff hit US-listed Chinese ADRs as 5 component stocks each fell more than 5%.
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Chinese ADR index slides 0.95% as 5 stocks drop at open
The Livermore Chinese Concept Stocks Leading Index fell 0.95% at Thursday's open, with 5 component stocks each declining more than 5%.
童程童美, a coding education provider, led the declines with a 10.15% drop. Himax Technologies, the display driver chipmaker, fell 8.32%, while autonomous driving company WeRide slid 6.66%. Semiconductor firms ASE Technology and United Microelectronics Corp. declined 6.16% and 5.7%, respectively.
The weakness in Chinese ADRs coincided with a broader risk-off tone in technology stocks. Nasdaq 100 futures fell 1.2% in early trading, while S&P 500 futures slipped 0.4%. The 10-year US Treasury yield edged lower to 4.47%, and Brent crude traded at $95.39 a barrel, according to market data.
The selloff adds to a challenging period for US-listed Chinese equities, which have faced persistent headwinds from US-China trade tensions and regulatory scrutiny. The broad-based decline at the open suggests investors are pricing in elevated uncertainty around offshore Chinese companies, with the next catalyst likely to be any policy signals from Beijing or Washington.
This article is for informational purposes only and does not constitute investment advice.
