Chinese Concept Stocks | Nasdaq Golden Dragon China Index Rises 4.33% Despite Major Stock Declines

On January 31st, Eastern Time (Friday), the three major U.S. stock indices collectively closed lower. The S&P 500 Index fell 0.50% to 6040.53 points; the Dow Jones Index dropped 0.75% to 44544.66 points; the Nasdaq Index declined 0.28% to 19627.44 points.

On January 30th, the Nasdaq Golden Dragon China Index rose by 4.33%.

Among popular Chinese concept stocks, TSMC rose by 0.54%, Bilibili fell by 4.95%, Baidu dropped by 4.40%, Alibaba decreased by 3.81%, JD.com fell by 3.74%, Pinduoduo declined by 3.02%, NIO dropped by 2.48%, Xpeng Motors decreased by 2.25%, and NetEase fell by 1.94%.

For Chinese concept stocks with consecutive gains, Eureka Acquisition increased by 0.10% over 14 days, rising 0.30% during the cycle. Future Vision rose by 0.08% for 9 days, increasing by 0.38% during the cycle. 1 Medicine Network gained 1.39% for 9 days, with a total increase of 1267.80% during the period. Ascentage Pharma rose by 0.45% over 3 days, increasing by 2.79% during the cycle. ACM Research increased by 0.05% for 3 days, rising 21.60% during the period. Yuxin Technology gained 1.31% over 3 days, increasing by 4.32% during the cycle. SoYoung rose by 1.74% for 3 days, with a total increase of 10.48% during the period. Hongen gained 2.69% over 3 days, increasing by 5.51%. Zhongchi Chufu rose by 1.78% for 3 days, with a total increase of 0.63% during the period. Tiancheng Technology increased by 3.05% for 3 days, rising 9.13% during the cycle. Bright Scholar gained 5.00% over 3 days, increasing by 10.53% during the period. Youjia Insurance rose by 3.10% for 3 days, with a total increase of 6.05% during the cycle. Ucommune increased by 2.61% for 3 days, rising 2.61% during the period.

For Chinese concept stocks with consecutive declines, Baijiayun fell by 2.78% over 11 days, decreasing by 61.11% during the cycle. Singularity Future dropped by 23.93% for 7 days, with a total decline of 81.36% during the period. Share Unlimited decreased by 1.63% over 6 days, falling by 8.89% during the cycle. Jiayou Holdings fell by 6.02% for 5 days. SOS decreased by 1.01% over 5 days, falling by 9.50% during the period. Zhongbei Energy dropped by 3.66% for 5 days, with a total decline of 22.66% during the cycle.