Alibaba, Baidu, Weibo And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session

Author: Avi Kapoor | October 08, 2024 08:27am

U.S. stock futures were higher this morning, with the Dow futures gaining around 50 points on Tuesday.

Shares of Alibaba Group Holding Limited (NYSE:BABA) fell sharply in today's pre-market trading.

The Chinese government’s announcement of a 200 billion yuan ($28 billion) stimulus aimed at local investment projects fell short of market expectations, triggering a sharp sell-off in major tech stocks.

Alibaba Group shares dipped 6.6% to $109.78 in pre-market trading.

Here are some big stocks recording losses in today's pre-market trading session.

ZJK Industrial Co., Ltd. (NASDAQ:ZJK) shares dipped 23.5% to $5.20 in pre-market trading after gaining 35% on Monday.
LexinFintech Holdings Ltd. (NASDAQ:LX) shares declined 19.2% to $2.98.
Futu Holdings Limited (NASDAQ:FUTU) shares fell 18.6% to $104.90 in pre-market trading.
Torrid Holdings Inc. (NYSE:CURV) shares declined 18.2% to $2.60 in pre-market trading.
UP Fintech Holding Limited (NASDAQ:TIGR) shares declined 18.1% to $9.39 in pre-market trading after declining around 8% on Monday.
Kingsoft Cloud Holdings Limited (NASDAQ:KC) shares fell 15.4% to $3.52 in pre-market trading after gaining around 7% on Monday.
BingEx Limited (NASDAQ:FLX) shares fell 15.2% to $13.99 in pre-market trading.
Weibo Corporation (NASDAQ:WB) shares fell 12% to $10.31 in pre-market trading.
Li Auto Inc. (NASDAQ:LI) shares declined 10.6% to $27.28 in pre-market trading.
iQIYI, Inc. (NASDAQ:IQ) shares fell 10% to $2.70 in pre-market trading.
NIO Inc. (NYSE:NIO) shares fell 9.4% to $6.15 in pre-market trading.
Baidu, Inc. (NASDAQ:BIDU) shares fell 8% to $105.30 in pre-market trading.