Chinese Concept Stocks | Nasdaq Golden Dragon Index Falls 1.15% Amid Mixed Performance from Leading Stocks

On October 3 (Friday), Eastern Time, the three major U.S. stock indices showed mixed results. The S&P 500 Index rose by 0.01%, closing at 6715.79 points; the Dow Jones Index increased by 0.51%, closing at 46758.28 points; while the Nasdaq Index fell by 0.28%, closing at 22780.51 points.

On October 3, the Nasdaq Golden Dragon China Index fell by 1.15%.

Regarding popular Chinese concept stocks, TSMC rose by 1.45%, Baidu increased by 1.26%, XPeng Motors fell by 3.09%, NIO decreased by 2.54%, JD.com dropped by 1.61%, Bilibili went down by 1.32%, NetEase fell by 1.08%, Pinduoduo decreased by 0.73%, and Alibaba dropped by 0.72%.

In terms of Chinese concept stocks with consecutive gains, Silvercorp Metals increased by 5.58% over 7 consecutive days with a cumulative rise of 19.05%. BlueCity Holdings rose by 2.25% over 6 consecutive days with a cumulative increase of 13.04%. Aurora Mobile Limited increased by 0.71% over 6 consecutive days with a cumulative rise of 16.24%. Tianmei BioTech rose by 1.52% over 6 consecutive days with a cumulative increase of 4.17%. Lotus Tech Inc. increased by 0.95% over 5 consecutive days with a cumulative rise of 10.94%. Lidaxin Technology rose by 3.54% over 5 consecutive days with a cumulative increase of 10.38%. Kandi Technologies increased by 5.33% over 5 consecutive days with a cumulative rise of 7.98%. Able View Global rose by 5.78% over 5 consecutive days with a cumulative increase of 9.38%. 17EdTech increased by 8.62% over 5 consecutive days with a cumulative rise of 28.48%. Kaixin Auto Holdings rose by 5.71% over 5 consecutive days with a cumulative increase of 41.22%. Quhuo Limited increased by 8.29% over 5 consecutive days with a cumulative rise of 64.71%.

As for Chinese concept stocks with consecutive declines, DayDayCook fell by 5.32% over 9 consecutive days with a cumulative drop of 31.40%. iQIYI decreased by 0.80% over 7 consecutive days with a cumulative decline of 8.52%. 51Talk fell by 1.76% over 7 consecutive days with a cumulative drop of 10.73%. Tencent Music Entertainment decreased by 0.22% over 4 consecutive days with a cumulative decline of 3.50%. ZTO Express fell by 0.73% over 4 consecutive days with a cumulative drop of 2.96%. UP Fintech Holding Limited decreased by 0.68% over 4 consecutive days with a cumulative decline of 6.17%. Yatsen Holding Limited fell by 6.04% over 4 consecutive days with a cumulative drop of 11.49%. Quantum Music decreased by 4.10% over 4 consecutive days with a cumulative decline of 12.12%.

"Ali Cloud No. 1" Conducts First Flight at High-Altitude Testing Base
On September 28, China's first high-altitude unmanned equipment testing base, located at an altitude of over 4300 meters, was inaugurated in the Ali region of Tibet. At the same time, the "Ali Cloud No. 1," a high-altitude drone model developed by a technology transfer team from Northwestern Polytechnical University, was released and conducted its first flight at the base. The "Ali Cloud No. 1" is China's first large-payload fixed-wing taxiing UAV capable of taking off at high altitudes. It has a maximum cruising speed of 150 kilometers per hour, a maximum takeoff weight of 100 kilograms, a maximum wind resistance capability of level 6, and a longest endurance time of 4.5 hours. The UAV was developed and is operated by Shaanxi Hailan Aviation Co., Ltd., a joint venture between Northwestern Polytechnical University and the Shaanxi Aerospace Power Research Institute.

Hesai Technology: 1 Millionth LiDAR Unit of 2025 Officially Rolls Off Production Line
On October 3, Hesai Technology announced that the 1 millionth LiDAR unit of 2025 had officially rolled off the production line at the end of September.