On Tuesday, most popular Chinese stocks experienced declines. The Nasdaq China Golden Dragon Index (HXC) fell by 1.22%. Among the gainers, Chunghwa Telecom rose 0.28%, Tencent Music (TME) increased 0.49%, Futu Holdings (FUTU) climbed 0.21%, China New City Rural Development surged 2.03%, NIO (NIO) edged up 0.23%, and Zeekr gained 1.99%.
In contrast, several major stocks saw declines. Taiwan Semiconductor Manufacturing Company (TSM) dropped 0.14%, Alibaba (BABA) was down 1.29%, Pinduoduo (PDD) decreased 2.24%, NetEase (NTES) fell 0.19%, JD.com (JD) slipped 2.58%, Trip.com (TCOM) declined 0.38%, Baidu (BIDU) was down 0.51%, Li Auto (LI) decreased 0.53%, Beike (BEKE) fell 1.26%, ASE Technology (ASX) dropped 1.21%, XPeng (XPEV) was down 1.78%, United Microelectronics Corporation (UMC) decreased 1.03%, ZTO Express (ZTO) fell 0.80%, Full Truck Alliance (YMM) declined 2.62%, Huazhu Group (HTHT) was down 1.11%, Kanzhun (BZ) decreased 0.50%, Vipshop (VIPS) fell 2.13%, Bilibili (BILI) dropped 2.82%, New Oriental Education (EDU) fell 2.29%, WSP Holdings declined 0.28%, and 360 DigiTech (QFIN) was down 0.49%.
In the broader U.S. market, stocks closed slightly higher with all three major indexes marking their third consecutive day of gains. Investors continued to assess the impact of former President Trump's tariff policies. Federal Reserve Governor Kugler stated that the monetary policy is well-positioned to maintain stable interest rates for "some time." Additionally, U.S. home prices saw a slight acceleration in January.
The Dow Jones Industrial Average increased by 4.18 points, or 0.01%, to 42,587.50. The Nasdaq Composite rose 83.26 points, or 0.46%, to 18,271.86. The S&P 500 Index gained 9.08 points, or 0.16%, to 5,776.65.
