NIO Soars Over 10% While Chinese Stocks Show Mixed Performance

13 hours ago

On Tuesday, popular Chinese stocks mostly saw gains. The NASDAQ Golden Dragon China Index (HXC) rose by 1.70%. Among the gainers, Alibaba increased by 0.35%, Pinduoduo by 3.03%, NetEase by 1.56%, JD.com by 1.44%, and Baidu by 4.10%. Notably, NIO (NIO, Financial) surged by 10.73%, and WeBull saw a significant rise of 16.07%.

Conversely, some stocks experienced declines. TSMC fell by 1.80%, ASE Technology by 1.77%, UMC by 2.33%, and Bilibili by 0.84%.

The U.S. stock market closed with mixed results. The S&P 500 reached another record high, while the NASDAQ was dragged down by a decline in the chip sector. Several major tech companies are set to release their earnings reports. Additionally, former President Trump announced trade agreements with the Philippines and Indonesia.

The Dow Jones increased by 179.37 points, or 0.40%, to 44,502.44 points. The NASDAQ dropped by 81.49 points, or 0.39%, to 20,892.69 points. The S&P 500 rose by 4.02 points, or 0.06%, to 6,309.62 points.

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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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