Oriental Rise Holdings Limited shares fall 24.09% premarket as Asian stocks reverse losses.

Oriental Rise Holdings Limited dropped 24.09% in premarket trading. The decline in the stock price may be attributed to the broader market sentiment, as Asian stocks reversed losses due to renewed enthusiasm for artificial intelligence and semiconductors, which may not directly benefit Oriental Rise Holdings Limited. Additionally, the Federal Reserve Chair Jerome Powell's remarks about the future path of interest rates and economic data fuelled concerns about slowing growth, which could have negatively impacted the stock.