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

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

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

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