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March 24 Popular Chinese Stocks Mostly Rise, XPeng Rises 7.52%, Beike Falls 2.93%
Most popular Chinese concept stocks rose on March 24, with the NASDAQ Golden Dragon China Index (HXC) closing up 0.86%.
Among the gainers (by market cap), TSMC rose 2.78%, Alibaba increased 2.99%, Pinduoduo gained 0.06%, Sunlight Semiconductor rose 1.74%, Baidu increased 0.24%, JD.com rose 0.99%, Ctrip gained 0.51%, Chunghwa Telecom increased 1.03%, Zhongtong rose 1.92%, Futu Holdings gained 3.72%, Li Auto increased 2.57%, Xpeng Motors rose 7.52%, NIO gained 7.00%, Bilibili increased 0.75%, New Oriental rose 0.13%, Manbang gained 0.24%, GDS Holdings increased 2.22%, Vipshop rose 1.36%, WSP Holdings gained 1.27%, Zhitong Biological increased 2.42%, Miniso rose 0.74%, Pony.ai gained 4.84%, Kingsoft Cloud increased 3.24%, Hesai Technology rose 3.19%, and WeBull gained 3.51%.
Among the decliners (by market cap), NetEase fell 0.35%, UMC declined 0.49%, KE Holdings dropped 2.93%, Tencent Music decreased 1.29%, Huazhu Hotels Group fell 0.76%, China New Urbanization Rural declined 3.77%, BOSS Zhipin dropped 2.05%, Atour Group decreased 2.55%, Huirong Technology fell 0.02%, YY Inc. declined 1.12%, and FogChips Technology dropped 2.75%.
U.S. stocks closed higher on Monday, but all three major indices retreated significantly from their intraday highs. U.S. President Trump stated that talks between the U.S. and Iran have taken place, and he has halted strikes on Iranian power plants and energy infrastructure, bringing hope to investors—potentially signaling the end of Middle Eastern conflicts that previously boosted oil prices and raised concerns about a global recession.
The Dow rose 631.00 points, or 1.38%, to 46,208.47; the Nasdaq increased 299.15 points, or 1.38%, to 21,946.76; the S&P 500 gained 74.52 points, or 1.15%, to 6,581.00.
All three major U.S. stock indices surged over 2% at their intraday highs. The Dow climbed more than 1,100 points, or 2.5%; the Nasdaq rose 2.5%; the S&P 500 increased 2.2%.
Top gainers among Chinese concept stocks:
Top decliners among Chinese concept stocks:
(Screenshot from Sina Finance APP Market - U.S. Stocks - Popular Chinese Concept Stocks Section) Download Sina Finance APP
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Editor: Zhang Jun SF065