Big Moves Before the Bell: US-China Stocks Tumble, Tech Stocks Surge

Early morning trading was a rollercoaster ride for investors. Many US-listed Chinese stocks like online video giant Bilibili crashed by over 13%, with automaker Nio and e-commerce giants JD. com and Alibaba also taking heavy hits. The reason? China's state planner didn't announce any new stimulus plans. The gambling scene in Macau didn't fare well either, with casino operators Wynn Resorts and Las Vegas Sands dropping by over 4% and 3% respectively. On the brighter side, DocuSign's stock skyrocketed by more than 5% after snagging a spot in the S&P 500 MidCap 400 index. Super Micro Computer also shone, rising 4% on the back of deploying over 100,000 graphics processing units for massive AI projects. Nvidia gained some attention too, with Foxconn's chairman hinting that the AI boom is far from over. Bank Wells Fargo joined the uptrend, climbing over 1% following an upgrade by Wolfe Research, while Humana held steady. However, Microsoft and PepsiCo faced slight dips due to downgrades and revenue expectations. — Insights gathered from various reports