As the stock market rally driven by China's stimulus measures loses momentum, shares of Chinese companies listed in the U.S. fell in pre-market trading

Alibaba fell 8.9%

Bilibili fell 17.2%

Tencent Music Entertainment fell 11.9%

Pinduoduo Holdings fell 12.2%

NetEase fell 9.7%

Baidu fell 10.1%

Li Auto fell 11.7%

JD.com fell 12.5%

NIO fell 14.4%

Xpeng Motors fell 12.1%

Futu Holdings fell 18.6%

ISHARES MSCI China ETF fell 13.5%

KRANESHARES CSI CHINA ETF fell 13%

ISHARES China Large Cap ETF fell 11.6%