On Tuesday, Chinese stocks listed in the U.S. showed mixed performance. The Nasdaq Golden Dragon China Index (HXC) rose by 0.58%. Among the gainers, Alibaba rose 3.85%, NetEase increased 0.73%, JD.com was up 1.93%, and Li Auto (LI, Financial) surged 13.20%. Other notable gainers included Baidu with a 1.31% increase, Beike rising 4.27%, and XPeng up 5.46%.
On the downside, Taiwan Semiconductor Manufacturing Company (TSMC) fell 1.19%, Pinduoduo decreased 0.50%, and Trip.com dropped significantly by 11.38%. Other decliners included Tencent Music, which fell 2.08%, and NIO, which was down 2.06%.
U.S. stocks closed with mixed results as well. The Dow Jones Industrial Average gained 159.95 points, or 0.37%, closing at 43,621.16. However, the Nasdaq Composite fell 260.54 points, or 1.35%, to 19,026.39, and the S&P 500 decreased by 28.00 points, or 0.47%, to 5,955.25. Tesla's stock notably plummeted, causing its market capitalization to fall below $1 trillion. U.S. consumer confidence saw its largest drop in nearly four years, impacting market sentiment. Investors remain concerned about the potential global economic impact of policy uncertainties related to Trump.
