Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises 1.70% as NIO Surges 10.73% and JD.com Faces Regulatory Scrutiny

On July 22 (Tuesday) Eastern Time, the major U.S. stock indices showed mixed results. The S&P 500 index rose by 0.06%, closing at 6309.62 points; the Dow Jones index increased by 0.40%, closing at 44502.44 points; while the Nasdaq index fell by 0.39%, closing at 20892.69 points.

On July 22, the Nasdaq Golden Dragon China Index rose by 1.70%.

Regarding popular Chinese concept stocks, Baidu rose by 4.10%, XPeng Motors increased by 3.48%, Pinduoduo went up by 3.03%, NIO surged by 10.73%, NetEase rose by 1.56%, JD.com increased by 1.44%, Alibaba went up by 0.35%, TSMC fell by 1.81%, and Bilibili decreased by 0.84%.

In terms of continuous rising Chinese concept stocks, the following were noted: Stellar Fashion rose 6.06% over eight consecutive days, with a cumulative increase of 35.66%; Pinduoduo rose 3.03% for six consecutive days, with a cumulative increase of 12.33%; iQIYI rose 1.02% for six consecutive days, with a cumulative increase of 11.17%; Pop Culture rose 2.64% for six consecutive days, with a cumulative increase of 28.33%; Lu Control rose 1.37% for five consecutive days, with a cumulative increase of 7.66%; Studio City rose 1.46% for five consecutive days, with a cumulative increase of 4.17%; Thunder Energy rose 0.34% for five consecutive days, with a cumulative increase of 6.97%; Skymont Solar rose 8.39% for five consecutive days, with a cumulative increase of 40.33%; and Meiwu Technology rose 1.20% for five consecutive days, with a cumulative increase of 6.74%.

In terms of continuous falling Chinese concept stocks, the following were noted: Jinsheng Amusement fell 10.70% over eight consecutive days, with a cumulative decrease of 54.03%; Advanced Biomed fell 0.87% for six consecutive days, with a cumulative decrease of 20.42%; Amer Sports fell 2.12% for five consecutive days, with a cumulative decrease of 5.20%; Manbang fell 0.33% for five consecutive days, with a cumulative decrease of 9.76%; Opera Browser fell 1.41% for five consecutive days, with a cumulative decrease of 6.42%; Jiayin Technology fell 1.94% for five consecutive days, with a cumulative decrease of 9.02%; and Wan Chun Medicine fell 0.53% for five consecutive days, with a cumulative decrease of 19.05%.

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