Chinese Concept Stocks | Nasdaq Golden Dragon Index Falls 2.37% Amidst Mixed Performance

Generated by AI AgentAinvest Market Brief
Thursday, Oct 3, 2024 6:31 pm ET1min read
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On October 3rd (Thursday), Eastern Time, the three major U.S. stock indices collectively closed lower. The S&P 500 fell by 0.17%, closing at 5699.94 points; the Dow Jones fell by 0.44%, closing at 42011.59 points; and the Nasdaq fell by 0.04%, closing at 17918.47 points.

On October 3rd, the Nasdaq Golden Dragon China Index fell by 2.37%.

Among popular Chinese concept stocks, TSMC rose by 2.10%, Bilibili fell by 8.80%, XPeng Motors fell by 7.05%, NIO fell by 6.93%, Baidu fell by 5.12%, NetEase fell by 2.69%, Alibaba fell by 2.10%, JD.com fell by 0.45%, and Pinduoduo fell by 0.06%.

In terms of Chinese stocks on a rising streak: Agora increased by 0.20% over 10 consecutive days, with a cumulative increase of 151.27%; Futu Holdings rose by 8.81% over 9 consecutive days, with a cumulative increase of 87.38%; Xinye Technology rose by 0.15% over 9 consecutive days, with a cumulative increase of 25.78%; Jiayin Group increased by 5.18% over 8 consecutive days, with a cumulative increase of 44.48%; and Zhengkang International increased by 10.99% over 7 consecutive days, with a cumulative increase of 58.25%.

In terms of Chinese stocks on a declining streak: Hao Xi Health fell by 8.66% over 6 consecutive days, with a cumulative decrease of 40.01%; Haidilao fell by 5.29% over 5 consecutive days, with a cumulative decrease of 11.56%; Antelope Enterprise Holdings fell by 0.94% over 5 consecutive days, with a cumulative decrease of 12.94%; 51Talk fell by 4.84% over 4 consecutive days, with a cumulative decrease of 11.68%; and Bit Mining fell by 2.23% over 4 consecutive days, with a cumulative decrease of 7.20%.

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

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