Oriental Rise Holdings Limited shares fall 18.29% premarket as Asian stocks reverse losses.

Oriental Rise Holdings Limited dropped 18.29% in premarket trading. The decline in the stock price may be attributed to the overall bearish sentiment in the Asian markets, as stocks in the region fell following declines on Wall Street. Federal Reserve Chair Jerome Powell's remarks gave little indication about the future path of interest rates, fueling concerns about slowing growth. Additionally, the greenback stabilized after two days of gains, which could have contributed to the negative sentiment in the market.