Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises as Alibaba Boosts Asia's Convertible Bonds

On October 2nd (Thursday), Eastern Time, the three major U.S. stock indexes rose collectively. The S&P 500 index increased by 0.06%, closing at 6715.35 points; the Dow Jones index rose by 0.17%, closing at 46519.72 points; the Nasdaq index gained 0.39%, closing at 22844.05 points.

On October 2nd, the Nasdaq Golden Dragon China Index rose by 1.06%.

Regarding popular Chinese concept stocks, Alibaba increased by 3.60%, NIO rose by 3.27%, NetEase gained 2.14%, Baidu rose by 2.03%, Bilibili increased by 1.44%, Pinduoduo gained 0.63%, XPeng Motors rose by 0.49%, JD.com fell by 0.53%, and TSMC decreased by 0.12%.

XPeng Motors has risen by 0.46% for seven consecutive days, achieving a cumulative increase of 12.36% during this period. Amer Sports increased by 0.69% for six consecutive days, with a cumulative rise of 3.08%. Silverway gained 1.69% for six consecutive days, achieving a cumulative increase of 12.76%. Noah Holdings rose by 0.66% for five consecutive days, with a cumulative gain of 8.90%. Ucommune increased by 1.14% for five consecutive days, achieving a cumulative rise of 10.56%. Next Technology gained 5.00% for five consecutive days, achieving a cumulative increase of 25.00%. Robam rose by 6.76% for five consecutive days, achieving a cumulative gain of 15.42%. Tianmei Bioscience increased by 0.51% for five consecutive days, with a cumulative rise of 2.60%.

DayDayCook fell by 5.51% for eight consecutive days, with a cumulative decrease of 27.55%. iQIYI decreased by 0.80% for six consecutive days, with a cumulative drop of 7.78%. 51talk fell by 3.07% for six consecutive days, achieving a cumulative decline of 9.13%. Yuanbao decreased by 2.01% for five consecutive days, achieving a cumulative drop of 11.46%. Lianzhang Portal fell by 0.91% for five consecutive days, with a cumulative decline of 3.27%. Zhongqi Systems decreased by 2.77% for five consecutive days, achieving a cumulative drop of 7.32%.

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Alibaba Boosts Asian Convertible Bonds to Record High in September
The Asian convertible bond market recorded its strongest monthly performance in September. The Asia-Pacific convertible bond benchmark index soared by 13%, far surpassing the global index's gain of 4.6%. Alibaba's convertible bond due in 2031 rose by 28% during this period. Investors are increasingly demanding equity-linked tools that bet on AI-driven growth in tech giants, seeking upside while managing risk.