Chinese Concept Stocks | MINISO Evaluates Potential Spin-off for TOP TOY Business

On June 6th, Friday, Eastern Time, the three major U.S. stock indices all rose by more than 1%. The S&P 500 index increased by 1.03%, closing at 6000.36 points; the Dow Jones index rose by 1.05%, closing at 42762.87 points; and the Nasdaq index climbed by 1.20%, reaching 19529.95 points.

On June 6th, the Nasdaq Golden Dragon China Index fell by 0.06%.

Regarding popular Chinese concept stocks, Bilibili rose by 1.46%, Pinduoduo increased by 1.28%, TSMC climbed by 0.88%, JD.com grew by 0.09%, while XPeng Motors dropped by 2.45%, NetEase decreased by 1.25%, Alibaba fell by 0.49%, NIO declined by 0.14%, and Baidu decreased by 0.05%.

For stocks on a consecutive rise, Distoken rose by 20.42% over 21 consecutive days, with a cumulative increase of 24.57%. 51Talk increased by 5.41% over 8 consecutive days, with a cumulative rise of 27.92%. Flash Express grew by 1.71% over 7 consecutive days, with a cumulative increase of 26.00%. Eureka Acquisition rose by 0.10% over 6 consecutive days, with a cumulative increase of 0.29%. Euro Tech increased by 4.20% over 6 consecutive days, with a cumulative rise of 11.71%.

For stocks on a consecutive decline, Huachen Technology fell by 1.46% over 9 consecutive days, with a cumulative decrease of 86.31%. WiMi Hologram Cloud decreased by 0.37% over 7 consecutive days, with a cumulative decline of 27.32%. Star Plus Legend Technology fell by 1.45% over 5 consecutive days, with a cumulative decrease of 9.79%. Juhua Mall dropped by 0.82% over 5 consecutive days, with a cumulative decline of 2.55%. Melco Resorts & Entertainment fell by 0.67% over 4 consecutive days, with a cumulative decrease of 6.21%. Zhengye Biotechnology dropped by 6.04% over 4 consecutive days, with a cumulative decline of 35.48%. Fulang Group fell by 0.50% over 4 consecutive days, with a cumulative decrease of 15.19%. Hongli Steel Structures dropped by 5.63% over 4 consecutive days, with a cumulative decline of 15.84%. Yanco Technology fell by 0.47% over 4 consecutive days, with a cumulative decrease of 10.46%. Haitian Network dropped by 2.66% over 4 consecutive days, with a cumulative decline of 10.20%. Ambow Education fell by 5.07% over 4 consecutive days, with a cumulative decrease of 13.53%. Lichen International dropped by 0.93% over 4 consecutive days, with a cumulative decline of 15.20%.

Miniso: Preliminary Evaluation of Potential Spin-off and Listing of Trendy Toy Business

Miniso announced on the Hong Kong Stock Exchange that the company has noticed certain media reports suggesting a possible plan to spin off specific business units for independent listing. The company is conducting a preliminary evaluation of the potential spin-off and listing of its trendy toy business, operated under the "TOP TOY" brand, in order to optimize shareholder value. The proposed plan is in an initial stage, and whether it will proceed depends on various factors, including market conditions.