Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises 1.69% Amid Mixed Performance of Major Stocks

On January 29th (Wednesday) Eastern Time, the three major U.S. stock indices closed down collectively. The S&P 500 index fell 0.47% to 6039.31 points; the Dow Jones index fell 0.31% to 44713.52 points; the Nasdaq index fell 0.51% to 19632.32 points.

On January 28th, the Nasdaq Golden Dragon China Index rose by 1.69%.

Among popular Chinese concept stocks, Alibaba rose 0.71%, Bilibili fell 3.23%, NetEase fell 2.45%, Baidu fell 2.17%, NIO fell 2.08%, XPeng Motors fell 2.02%, JD.com fell 1.97%, Pinduoduo fell 0.13%, and TSMC fell 0.08%.

The stocks that have been rising consecutively include Tuya Smart with an increase of 1.25% for 8 consecutive days and a cumulative increase of 37.29% during the rising period; Future Vision with an increase of 0.30% for 7 consecutive days and a cumulative increase of 0.30%; 111, Inc. with an increase of 0.36% for 7 consecutive days and a cumulative increase of 1204.35%; Gaotu Techedu with an increase of 6.54% for 5 consecutive days and a cumulative increase of 22.91%; Alibaba with an increase of 0.72% for 4 consecutive days and a cumulative increase of 12.33%; 36Kr with an increase of 121.65% for 4 consecutive days and a cumulative increase of 166.86%; and E-Home Household Service Holdings with an increase of 7.09% for 4 consecutive days and a cumulative increase of 52.99%.

The stocks that have been falling consecutively include Bright Scholar with a decrease of 16.52% for 9 consecutive days and a cumulative decrease of 58.64% during the falling period; GD Culture Group with a decrease of 2.04% for 7 consecutive days and a cumulative decrease of 28.33%; Taoping Inc. with a decrease of 1.59% for 7 consecutive days and a cumulative decrease of 15.47%; Canaan Inc. with a decrease of 1.59% for 5 consecutive days and a cumulative decrease of 14.68%; and Singularity Future with a decrease of 12.71% for 5 consecutive days and a cumulative decrease of -72.16%.