On Monday, Chinese stocks listed in the U.S. showed mixed performance. The Nasdaq Golden Dragon China Index (HXC) rose by 0.20%. Among the gainers, Alibaba rose 1.18%, Pinduoduo increased by 0.72%, and Netease gained 0.92%. Other notable risers included Ctrip, up 0.73%, Baidu, up 0.47%, and Li Auto, up 0.39%. Additionally, Beike rose 2.42%, Futu Holdings gained 0.72%, Full Truck Alliance surged 3.57%, and Nio increased by 2.27%.
Conversely, several Chinese stocks faced declines. TSMC dropped 2.56%, JD.com fell 1.90%, and Chunghwa Telecom decreased by 1.00%. Tencent Music saw a decline of 2.60%, ASE Technology fell 0.87%, and Xpeng Motors slipped 0.11%. Other decliners included UMC, down 1.32%, and Bilibili, down 0.12%.
The U.S. stock market experienced a significant downturn, with the Dow Jones Industrial Average plummeting over 970 points, a 2.48% decline. President Trump's renewed pressure on the Federal Reserve to cut interest rates and his comments on the Fed's independence contributed to investor concerns. The Nasdaq dropped 2.55%, while the S&P 500 fell 2.36%. Major tech stocks, including Nvidia, Amazon, and Alphabet, also saw declines.
