On Monday, Chinese stocks listed in the U.S. showed mixed performance. The Nasdaq Golden Dragon China Index (HXC) fell by 0.17%. Among the gainers, Pinduoduo (PDD, Financial) rose 0.71%, JD.com (JD) increased 0.42%, and Trip.com (TCOM) saw a 3.28% rise. Other notable gainers included Tencent Music (0.84%) and Vipshop (0.88%).
In contrast, several Chinese stocks experienced declines. TSMC fell by 0.38%, Alibaba (BABA) dropped 0.36%, and NIO (NIO) decreased 1.59%. XPeng (XPEV) saw a significant drop of 3.41%, while Bilibili (BILI) fell sharply by 4.97%.
U.S. stocks closed slightly higher, with the S&P 500 marking its sixth consecutive day of gains, overcoming concerns from Moody's downgrade of the U.S. credit rating. Federal Reserve's Bostic highlighted inflation concerns and predicted one rate cut this year. The White House's economic advisor hinted at upcoming trade agreements.
The Dow Jones Industrial Average rose by 137.33 points (0.32%) to 42,792.07, the Nasdaq increased by 4.36 points (0.02%) to 19,215.46, and the S&P 500 gained 5.22 points (0.09%) to 5,963.60.
