Mixed Performance for Chinese Stocks as HXC Index Declines

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Apr 15, 2025
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On Tuesday, Chinese stocks showed mixed performance, with the Nasdaq Golden Dragon China Index (HXC) closing down 0.49%. Among the gainers, Taiwan Semiconductor Manufacturing Company (TSM) rose 0.96%, Chunghwa Telecom (CHT) increased by 0.50%, and Tencent Music Entertainment Group (TME) gained 1.27%. Other notable risers included Huazhu Group (HTHT) up 3.90% and Full Truck Alliance (YMM) up 4.67%.

On the losing side, Alibaba Group (BABA, Financial) fell 1.48%, Pinduoduo (PDD) dropped 0.75%, and JD.com (JD) decreased by 1.94%. Notably, Futu Holdings (FUTU) declined 1.78%, while XPeng Inc. (XPEV) saw a significant drop of 6.02%. Zeekr reported a sharp decline of 8.84%.

Overall, U.S. stocks ended slightly lower on Tuesday as investors focused on the latest corporate earnings and updates on trade policies. The Dow Jones Industrial Average fell 155.83 points, the Nasdaq Composite decreased by 8.32 points, and the S&P 500 lost 9.34 points. The U.S. announced an investigation into chip and electronic imports, potentially paving the way for new tariffs.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.