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Chinese Concept Stocks | Nasdaq Golden Dragon Index Drops 5.92% Amid Major Declines in JD, Bilibili, and Alibaba

AInvestTuesday, Oct 15, 2024 6:31 pm ET
2min read

On October 15th, Eastern Time (Tuesday), the three major U.S. stock indexes collectively closed down. The S&P 500 fell 0.76% to 5,815.26 points; the Dow Jones fell 0.75% to 42,740.42 points; and the Nasdaq fell 1.01% to 18,315.59 points.

On October 15th, the Nasdaq Golden Dragon China Index dropped 5.92%.

Among popular Chinese stocks, JD fell 9.02%, Bilibili fell 6.92%, Pinduoduo fell 5.75%, Alibaba fell 5.53%, Baidu fell 5.19%, XPeng Motors fell 4.90%, NetEase fell 3.48%, NIO fell 2.68%, and TSMC fell 2.65%.

Companies with consecutive gains include Natural Health Trends with a recent change of 25.43% over 6 consecutive days and a cumulative gain of 104.76%, Smart Charging with a recent change of 8.56% over 5 consecutive days and a cumulative gain of 20.22%, VCare Health with a recent change of 7.76% over 4 consecutive days and a cumulative gain of 11.17%, Austin Technology with a recent change of 2.76% over 4 consecutive days and a cumulative gain of 20.59%, and Hao Xi Health with a recent change of 6.40% over 4 consecutive days and a cumulative gain of 20.24%.

Companies with consecutive losses include Yidian Xing with a recent change of -8.33% over 8 consecutive days and a cumulative loss of -20.86%, Zeekr with a recent change of -4.70% over 6 consecutive days and a cumulative loss of -18.74%, Xiaoying Technology with a recent change of -5.07% over 6 consecutive days and a cumulative loss of -22.72%, 1 Medicine Network with a recent change of -10.16% over 6 consecutive days and a cumulative loss of -30.92%, Xiaoi Robot with a recent change of -6.31% over 6 consecutive days and a cumulative loss of -38.52%, Burning Stone Medicine with a recent change of -7.67% over 6 consecutive days and a cumulative loss of -22.93%, Luo Bei with a recent change of -2.48% over 6 consecutive days and a cumulative loss of -20.00%, and Mingda Jiahe with a recent change of -3.64% over 6 consecutive days and a cumulative loss of -20.90%.

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Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.