icon
icon
icon
icon
$300 Off
$300 Off

News /

Articles /

Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises 0.98% Amid Mixed Performance in Chinese Tech Giants

Market BriefTuesday, Dec 3, 2024 5:31 pm ET
2min read

On December 3rd (Tuesday) Eastern Time, the three major indices of the US stock market showed mixed results. The S&P 500 index rose by 0.05% to 6049.88 points; the Dow Jones index fell by 0.17% to 44705.53 points; and the Nasdaq index increased by 0.40% to 19480.91 points.

On December 2nd, the Nasdaq Golden Dragon China Index rose by 0.98%.

Among popular Chinese concept stocks, NIO rose by 5.11%, TSMC by 2.30%, NetEase by 0.55%, XPeng by 0.00%, Bilibili fell by 3.46%, JD.com by 0.99%, Baidu by 0.62%, Pinduoduo by 0.54%, and Alibaba by 0.31%.

Companies experiencing consecutive gains include Lexin with a latest change of 6.17%, rising for 7 days with a cumulative increase of 66.97%; Full Truck Alliance with a change of 1.49%, rising for 6 days with a cumulative increase of 9.07%; MINISO with a change of 9.64%, rising for 6 days with a cumulative increase of 50.00%; Hongen with a change of 1.20%, rising for 6 days with a cumulative increase of 11.18%; and Enjoy Hold with a change of 6.32%, rising for 6 days with a cumulative increase of 16.73%.

Companies experiencing consecutive declines include Kandi Technologies with a latest change of -3.04%, declining for 5 days with a cumulative decrease of -14.23%; Color Star with a change of -3.39%, declining for 5 days with a cumulative decrease of -44.39%; LightInTheBox with a change of -1.10%, declining for 4 days with a cumulative decrease of -11.76%; Nisun International with a change of -14.29%, declining for 4 days with a cumulative decrease of -23.97%; Ata Creativity with a change of -0.49%, declining for 4 days with a cumulative decrease of -4.39%; X3 Holdings with a change of -24.68%, declining for 4 days with a cumulative decrease of -37.04%; and Metaverse Holding with a change of -14.40%, declining for 4 days with a cumulative decrease of -22.37%.

Dong Yuhui Establishes New Company
According to the National Enterprise Credit Information Publicity System, on November 28th, a company named Zhongnan Yuantiao (Xi'an) Technology Co., Ltd. was established with Dong Yuhui as the legal representative. Public information shows that Zhongnan Yuantiao (Xi'an) Technology Co., Ltd. is a sole proprietorship limited liability company with a registered capital of 10 million yuan, registered with the Xi'an Market Supervision Administration Chanba International Port Branch (Port Area), and its business scope includes tourism development project planning consultation, passenger ticketing agency, among others.

Xinye Technology's General Model Officially Filed
On November 29th, Xinye Technology's general model "Millet" successfully passed the generative artificial intelligence service filing in Shanghai, becoming one of the 60 generative AI services officially filed in Shanghai.

Trip.com: "Ice and Snow Tourism" Starts to Gain Traction with Related Product Bookings Doubling
Recently, as major ski resorts gradually open, "ice and snow tourism" has started to gain traction. Trip.com data shows that in the past week, the search volume for "skiing" on the platform increased by 50% week-on-week, and the search interest for ice and snow tourism-related products continues to rise entering December. Since mid-November, bookings for ski group tours and free travel package routes have doubled week-on-week. Harbin remains at the top for ice and snow tourism search popularity, followed by Changchun, Shenyang, Snow Town, and Mohe. In terms of group tour routes, Harbin also ranks first as an ice and snow destination, with group tour bookings increasing by 40% week-on-week in the past week.

Comments

Add a public comment...
Post
User avatar and name identifying the post author
Historyissuper
12/04
If you short $NIO tomorrow, I'll buy you 100 shares of NIO. Just show or post your position. Mark my words.
0
Reply
User avatar and name identifying the post author
serenity561
12/04
$NIO I'm estimating 16K NIO brand and 14K Onvo deliveries for December.
0
Reply
User avatar and name identifying the post author
CertifiedWwDuby
12/04
$NIO finishes strong, and people are already grumbling. A year from now, they'll likely be kicking themselves for not bulk buying at these lower prices, especially when the stock hits $15+. 😂
0
Reply
User avatar and name identifying the post author
Janq55
12/04
$NIO Nio has a large backlog of 50-60K orders for its NVS vehicles. Keep a tight grip!
0
Reply
User avatar and name identifying the post author
Qwazarius
12/03
Lexin's 66.97% gain in 7 days is wild. 🚀 Gotta keep an eye on it. Anyone else riding this wave?
0
Reply
User avatar and name identifying the post author
ZhangtheGreat
12/03
Lexin's rocket ride, anyone else holding long?
0
Reply
User avatar and name identifying the post author
confused-student1028
12/03
MINISO's 50% in 6 days is insane. Is it time to buy the dip or nah?
0
Reply
User avatar and name identifying the post author
TobyAguecheek
12/03
Metaverse Holding down 14.40% in 4 days. Not my cup of tea. What's your take?
0
Reply
User avatar and name identifying the post author
NoTearsNowOnlyDreams
12/03
X3 Holdings tanked 24.68% in 4 days. Ouch. Time to cut losses or hold?
0
Reply
User avatar and name identifying the post author
PlatHobbits7
12/03
X3 Holdings tanking 24.68% in 4 days is brutal. Anyone else see this coming or just me?
0
Reply
User avatar and name identifying the post author
bottlethecat
12/03
NIO's 5.11% rise is sweet, but I'm holding off till it cools down a bit. Anyone else playing it safe?
0
Reply
User avatar and name identifying the post author
alecjperkins213
12/03
MINISO's 50% in 6 days is crazy. Is it just a bubble or legit growth? 🤔
0
Reply
User avatar and name identifying the post author
therealchengarang
12/03
NIO's 5.11% pop is nice. Still holding long-term. $TSLA vibes in the making?
0
Reply
User avatar and name identifying the post author
GoStockYourself
12/03
MINISO's gains are wild, diamond hands or paper?
0
Reply
User avatar and name identifying the post author
dantheman2108
12/03
Lexin's 66.97% gain in 7 days is wild. Time to DYOR before jumping on the bandwagon.
0
Reply
Disclaimer: The news articles available on this platform are generated in whole or in part by artificial intelligence and may not have been reviewed or fact checked by human editors. While we make reasonable efforts to ensure the quality and accuracy of the content, we make no representations or warranties, express or implied, as to the truthfulness, reliability, completeness, or timeliness of any information provided. It is your sole responsibility to independently verify any facts, statements, or claims prior to acting upon them. Ainvest Fintech Inc expressly disclaims all liability for any loss, damage, or harm arising from the use of or reliance on AI-generated content, including but not limited to direct, indirect, incidental, or consequential damages.
You Can Understand News Better with AI.
Whats the News impact on stock market?
Its impact is
fork
logo
AInvest
Aime Coplilot
Invest Smarter With AI Power.
Open App