LB Pre-market | Twitter fell 6.8%，Musk dropped his bid；China NEV production and sales hit a record in June

he would terminate the acquisition of Twitter, citing serious violations of various terms in the agreement. Musk said that Twitter did not "comply with its contractual obligations".

10、Tencent Holdings: repurchased 880,000 shares on July 11, 2022, at a repurchase price of HK $340.8-346, at a cost of about HK $300 million.

Pre-market movement

In pre-market trading, Dow futures were down 0.35%, Nasdaq futures were down 0.71%, and S & P 500 futures were down 0.5%.

Tesla fell 0.4%, Apple, Google, Microsoft, Amazon, and Netflix all fell between 0.5% and 1%, Nvidia fell nearly 2%, and TSMC and Meta fell more than 2%.

Twitter fell 6.8%, Musk will terminate the acquisition plan, and Twitter intends to file a lawsuit against it.

Ali, JD.com, Baidu fell more than 3%, Pinduoduo fell more than 4%, shells fell 5.6%, iQIYI, Tencent Music fell more than 2%, NetEase fell 3%, Bilibili fell more than 5%.

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