Chinese Concept Stocks | Alibaba and Baidu Lead Gains Despite Nasdaq Golden Dragon Index Dip

On January 30th (Thursday) Eastern Time, the three major U.S. stock indices collectively closed higher. The S&P 500 index rose by 0.53%, closing at 6071.17 points; the Dow Jones index increased by 0.38%, closing at 44882.13 points; and the Nasdaq index went up by 0.25%, closing at 19681.75 points.

On January 29th, the Nasdaq Golden Dragon China Index fell by 1.16%.

Regarding popular Chinese concept stocks, Alibaba rose by 6.25%, Baidu increased by 5.76%, XPeng Motors gained 5.33%, JD.com went up by 5.07%, NIO rose by 4.86%, Bilibili increased by 4.83%, NetEase went up by 3.96%, Pinduoduo rose by 3.00%, and TSMC increased by 2.88%.

Among the Chinese stocks with continuous gains, Tuya Smart rose by 3.70% for 9 consecutive days with an overall increase of 42.37% during the period. 111, Inc. increased by 3.42% over 8 days with a total gain of 1249.00%. Alibaba rose by 6.22% over 5 days, gaining a total of 19.33%. Huize Holding increased by 2.41% for 5 days, with a total rise of 12.21%. BeiGene saw a slight increase of 0.08% over 4 days, with a total gain of 2.17%. Monster Charging rose by 0.87% over 4 days, with a total increase of 1.75%. Hongli Group increased by 6.25% over 4 days, with an overall gain of 6.25%. Fanhua Inc. rose by 9.76% over 4 days, with a total increase of 20.54%.

In terms of Chinese stocks with continuous declines, Baijiayun fell by 3.29% for 10 consecutive days, with an overall decrease of 60.00% during the period. Singularity Future Technology decreased by 12.00% over 6 days, with a total drop of 75.50%. Sharing Economy Unlimited fell by 1.00% over 5 days, with a total decrease of 7.38%. Microvast Holdings decreased by 8.26% over 4 days, with an overall drop of 31.19%. Allwin Alliance fell by 11.24% over 4 days, with a total decrease of 20.63%. Jinxin Technology decreased by 2.30% over 4 days, with an overall drop of 17.74%. Jiayou International fell by 5.73% over 4 days. Yishengxin decreased by 11.95% over 4 days, with a total drop of 43.41%. SOS Limited fell by 0.72% over 4 days, with a total decrease of 8.58%. Lichen China decreased by 9.80% over 4 days, with a total drop of 44.21%. Senteng Technology fell by 4.40% over 4 days, with a total decrease of 17.92%. Lingyang Holdings decreased by 1.78% over 4 days, with an overall drop of 27.27%. Internet Technology Packaging fell by 1.91% over 4 days, with a total decrease of 21.31%. Zhongbei Energy decreased by 5.81% over 4 days, with an overall drop of 19.73%.