BUZZ-U.S. STOCKS ON THE MOVE-Chinese ADRs, Bellerophon, Allergan
(For faster updates on individual market-movers, Eikon users please use search string "STXBZ US"; for the Day Ahead newsletter, link.reuters.com/mex49s; for the Morning News Call newsletter, link.reuters.com/nex49s) U.S. stock index futures fell sharply on Monday on concerns about China's slowing growth in the wake of the biggest drop in Shanghai shares in eight years. Dow Jones industrial average futures were down 0.70 percent at 17,400, S&P 500 futures were down 0.57 percent at 2,065.75 and Nasdaq 100 futures were down 0.66 percent at 4,531.5.
** Alibaba Group Holding Ltd, Friday close $83.02, -2.67 pct premarket
** Baozun Inc, Friday close $8.13, -7.63 pct premarket
** Sohu.com Inc, Friday close $8.13, -7.63 pct premarket
** Baidu Inc, Friday close $206.25, -3.19 pct premarket
** JD.com Inc, Friday close $34.64, -4.59 pct premarket
** YY Inc, Friday close $59.9, -4.19 pct premarket
Chinese shares tumbled more than 8 percent on Monday as an unprecedented government rescue plan to prop up valuations abruptly ran out of steam, throwing the viability of Beijing's efforts to stave off a deeper crash into doubt.
The China Securities Financial Corporation (CSFC) has returned ahead of schedule some of the funds it borrowed from commercial banks to stabilise the stock market, three people in the banking industry with direct knowledge told Reuters. Continued...