TSM and NIO Lead Gains Among Chinese Stocks Amid U.S. Market Rally

3 days ago

On Thursday, most popular Chinese stocks saw gains. The Nasdaq Golden Dragon China Index (HXC) rose by 0.68%. Among the gainers, Taiwan Semiconductor Manufacturing Company (TSM) increased by 4.04%, Alibaba rose by 0.27%, Pinduoduo gained 2.83%, NetEase went up by 2.12%, and Baidu climbed 2.27%. Other notable gainers included NIO (NIO, Financial) with a 6.36% rise and New Oriental Education increasing by 4.60%.

Conversely, some stocks experienced declines. JD.com fell by 3.25%, Trip.com decreased by 1.00%, and Li Auto dropped by 0.67%. The U.S. stock market closed higher, driven by tech stocks, with all three major indexes rising for the third consecutive trading day. The market is closely monitoring developments in the Trump tariff situation. The Dow Jones Industrial Average rose by 486.83 points (1.23%), the Nasdaq increased by 457.99 points (2.74%), and the S&P 500 gained 108.91 points (2.03%).

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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.

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