Chinese Concept Stocks | Nasdaq Golden Dragon Index Drops as Pinduoduo and JD.com See Gains While Bilibili and TSMC Fall
2min read On December 31st, Eastern Time (Tuesday), the three major indices of the US stock market collectively closed lower. The S&P 500 index fell by 0.43% to 5881.63 points; the Dow Jones index fell by 0.07% to 42544.22 points; and the Nasdaq index fell by 0.90% to 19310.79 points.
On December 30th, the Nasdaq Golden Dragon China Index fell by 1.90%.
In terms of popular Chinese concept stocks, Pinduoduo rose by 2.76%, JD.com rose by 1.20%, Alibaba rose by 0.79%, Baidu rose by 0.31%, Bilibili fell by 1.58%, TSMC fell by 1.42%, NIO fell by 0.46%, XPeng Motors fell by 0.34%, and NetEase fell by 0.05%.
Among the continuously rising Chinese concept stocks, Chengdaotong Environmental rose by 2.06% with 8 consecutive days of gains, totaling an 18.04% increase over the period. Shanggao Life Sciences saw a 27.25% increase over 7 consecutive days, totaling a 120.98% gain. Senmiao Technology rose by 6.47% over 6 consecutive days, totaling a 19.21% gain. Wanban Technology increased by 1.43% over 5 consecutive days, totaling a 7.62% gain. Sanhe Intelligent rose by 2.50% over 5 consecutive days, totaling an 84.68% gain. Huibao increased by 3.57% over 5 consecutive days, totaling a 37.01% gain. Haoxi Health rose by 12.78% over 5 consecutive days, totaling a 53.69% gain. Ririzhu increased by 2.88% over 5 consecutive days, totaling a 27.66% gain.
Among the continuously falling Chinese concept stocks, Paimaixincheng fell by 1.17% with 8 consecutive days of declines, totaling a 20.28% decrease over the period. Dingdong Maicai saw an 8.64% decrease over 6 consecutive days, totaling a 19.61% decline. TSMC fell by 1.45% over 5 consecutive days, totaling a 4.76% decrease. Jiuzixingneng decreased by 3.24% over 5 consecutive days, totaling a 15.56% decline. Futu Holdings fell by 0.66% over 4 consecutive days, totaling an 8.06% decrease. Tiger Brokers fell by 0.77% over 4 consecutive days, totaling a 12.35% decline. Canadian Solar decreased by 0.98% over 4 consecutive days, totaling a 5.84% decline. Dada fell by 6.20% over 4 consecutive days, totaling a 12.32% decrease. Baozun E-commerce fell by 1.45% over 4 consecutive days, totaling a 16.56% decline. Suntech Education decreased by 2.59% over 4 consecutive days, totaling a 15.55% decline. 111, Inc. fell by 4.15% over 4 consecutive days, totaling a 19.52% decrease. Huami Technology decreased by 3.70% over 4 consecutive days, totaling a 12.75% decline.
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