On Tuesday, Chinese stocks showed mixed performance. The Nasdaq Golden Dragon China Index (HXC) fell by 0.28%. Among the gainers, Taiwan Semiconductor Manufacturing Company (TSM, Financial) rose 2.99%, NetEase increased 3.79%, and Baidu saw a slight rise of 0.13%. Tencent Music climbed 2.20%, ASE Technology Holding advanced 2.33%, and Full Truck Alliance surged 5.73%. Notably, Pony.ai jumped 22.63% and Webull gained 7.36%.
In contrast, several Chinese stocks declined. Alibaba dropped 1.00%, Pinduoduo plunged 13.64%, and JD.com decreased by 2.43%. Other decliners included Ctrip, which fell 0.93%, and Li Auto, which slipped 2.32%. Xpeng Motors and Futu Holdings also saw declines of 3.35% and 4.37%, respectively.
U.S. stocks closed higher on Tuesday, led by technology stocks. The Dow Jones Industrial Average rose by 740 points, while the Nasdaq increased nearly 2.5%. Positive developments in U.S.-EU trade negotiations and better-than-expected consumer confidence data contributed to the market rally.