Chinese Concept Stocks | Mixed Performance as NASDAQ Golden Dragon Index Falls 0.58%

Generated by AI AgentAinvest Market Brief
Monday, Sep 16, 2024 6:31 pm ET1min read
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On September 16, Eastern Time (Monday), the three major U.S. stock indexes showed mixed performance. The S&P 500 Index rose 0.13% to 5633.09 points; the Dow Jones Index increased by 0.55% to 41622.08 points; the Nasdaq Index fell 0.52% to 17592.13 points.

On September 16, the Nasdaq Golden Dragon China Index fell by 0.58%.

Among popular Chinese concept stocks, Pinduoduo rose 2.33%, Baidu increased by 0.51%, JD.com went up 0.23%, NIO fell 2.61%, TSMC dropped 1.98%, Alibaba decreased by 1.28%, Bilibili fell 1.08%, NetEase dropped 0.70%, and XPeng Motors fell 0.61%.

Rising Chinese Concept Stocks: Phoenix New Media increased by 1.00% over 6 consecutive days with a total rise of 19.84%. Bit Origin rose 8.88% for 6 days with a total increase of 32.14%. Xiaoying Technology increased by 4.34% over 5 days with a total rise of 6.83%. Cheche Technology rose 7.47% over 5 days with a total increase of 29.50%. Youxin Technology increased by 0.75% for 5 consecutive days with a total rise of 10.74%.

Falling Chinese Concept Stocks: Beike fell 0.22% over 7 days with a total drop of 9.97%. Huapu Group decreased by 29.29% over 7 days with a total decline of 61.72%. eFamily Service fell 6.42% over 7 days with a total drop of 17.74%. Youdao, Inc. fell 1.31% over 6 days with a total decline of 10.68%. Mengyun Holography fell 1.67% over 5 days with a total drop of 23.70%. Huize fell 4.37% over 5 days with a total decline of 15.13%. Fresh2 Group dropped 9.80% over 5 days with a total decline of 27.37%.

Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.

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