By Caitlin McCabe

LVMH (FR:MC), Rémy Cointreau (FR:RCO): China said it would impose new tariffs on brandy imports from the European Union. Shares in Rémy Cointreau fell more than 8%, while LVMH, which owns Hennessy cognac, lost about 3%.

PDD $(PDD)$, Alibaba $(BABA)$, JD $(JD)$: U.S.-listed shares of Chinese e-commerce companies tumbled premarket as China's stock-market rally showed signs of faltering. All three stocks fell at least 9%, on track to reverse part of their recent rally.

DocuSign $(DOCU)$: S&P Dow Jones Indices said late Monday that the e-signature company will replace MDU Resources Group $(MDU)$ in the S&P MidCap 400 on Friday. DocuSign's shares jumped 5% premarket; MDU's shares were little changed.

Freeport-McMoRan $(FCX)$, Alcoa $(AA)$: A selloff in commodities like copper hit shares in both miners, with each losing more than 4% premarket. Copper slid as optimism over China's stimulus measures ebbed Tuesday.

Super Micro Computer $(SMCI)$: The server maker's stock jumped 4% premarket, after surging 16% Monday. The company said Monday that it recently deployed more than 100,000 graphics processing units with liquid-cooling solution to large AI factories.

PepsiCo $(PEP)$: PepsiCo is due to report earnings before the opening bell.

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(END) Dow Jones Newswires

October 08, 2024 05:03 ET (09:03 GMT)

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