Chinese Concept Stocks | Alibaba and Nio Lead Declines in Chinese Stocks as Nasdaq China Index Drops

On September 4 (Thursday), Eastern Time, the three major U.S. stock indices collectively closed higher. The S&P 500 index rose 0.83% to 6502.08 points, the Dow Jones index gained 0.77% to 45621.29 points, and the Nasdaq index increased 0.98% to 21707.69 points.

On September 4, the Nasdaq Golden Dragon China Index fell by 1.11%.

Among popular Chinese concept stocks, Baidu rose 1.88%, TSMC increased 1.66%, Bilibili went up 0.99%, Alibaba declined 4.04%, NIO fell 3.09%, XPeng Motors decreased 2.05%, NetEase dropped 1.26%, JD.com went down 0.87%, and Pinduoduo decreased 0.42%.

In the sector of continuously rising Chinese concept stocks, Wangban Technology increased by 1.77% over 9 consecutive days with a cumulative gain of 0.92%. Monster Charging rose by 4.55% over 6 days, totaling an 8.66% increase. Baidu rose by 1.88% over 5 days, accumulating a 9.29% gain. Fulang Group increased by 1.33% over 5 days with a 13.37% total gain. Liandai Technology increased by 6.12% over 5 days, totaling a 20.50% gain. Smart Future increased by 13.05% over 5 days, totaling a 32.06% gain. Yiqi Education Technology increased by 19.02% over 5 days, totaling a 26.42% gain. Quhuo increased by 0.20% over 5 days, with a total gain of 8.71%. Mingda Jiahe increased by 1.56% over 5 days, with a total gain of 2.73%.

In the sector of continuously declining Chinese concept stocks, Xinye Technology decreased by 3.23% over 8 consecutive days with a cumulative loss of 17.50%. Stark fell by 2.20% over 8 days, totaling a 53.98% loss. Yidianxing decreased by 4.50% over 8 days, totaling a 58.31% loss. Ambow Education fell by 1.79% over 7 days, totaling a 10.33% loss. XPeng Motors decreased by 2.02% over 6 days, totaling an 18.45% loss. Bawang Chaji fell by 3.04% over 6 days, totaling a 22.43% loss. Xuniao Software decreased by 2.18% over 6 days, totaling an 8.64% loss. Huibao fell by 1.39% over 6 days, totaling a 23.30% loss.