Chinese Concept Stocks | Nasdaq Golden Dragon Index Rises 3.03% Amid Gains in Key Stocks

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On October 18th, Eastern Time (Friday), the three major U.S. stock indices collectively closed higher. The S&P 500 index rose 0.40% to 5864.67 points; the Dow Jones index increased by 0.09% to 43275.91 points; and the Nasdaq index climbed 0.63% to 18489.55 points.

On October 18th, the Nasdaq Golden Dragon China Index rose by 3.03%.

Regarding popular Chinese concept stocks, Bilibili rose 3.55%, NetEase increased by 3.37%, JD.com climbed 2.91%, XPeng Motors rose 2.64%, Baidu gained 2.48%, Alibaba increased by 2.34%, NIO rose 1.46%, Pinduoduo increased by 0.80%, and TSMC fell by 2.45%.

Rising Chinese Concept Stocks:

Shansong rose by 0.87% for 6 consecutive days with a total increase of 21.77%. Tianyan Pharmaceuticals increased by 8.30% for 5 consecutive days with a total rise of 23.11%. Jiuzi New Energy climbed 2.14% for 5 consecutive days with a total gain of 23.66%. Zai Lab rose by 4.29% for 4 consecutive days with a total increase of 11.21%. Shengfeng Logistics increased by 1.55% for 4 consecutive days with a total gain of 3.15%. The9 Limited rose 2.01% for 4 consecutive days with a total increase of 9.51%. Greenpro Capital rose by 7.75% for 4 consecutive days with a total gain of 34.69%. ChinaNet Online Holdings increased by 5.74% for 4 consecutive days with a total gain of 18.82%.

Declining Chinese Concept Stocks:

Vipshop fell by 0.97% for 7 consecutive days with a total decrease of 13.91%. LakeShore Biopharma decreased by 5.97% for 4 consecutive days with a total drop of 16.89%. Yeshang Holdings fell by 0.34% for 4 consecutive days with a total decrease of 3.33%. Yujia Insurance decreased by 1.33% for 4 consecutive days with a total drop of 23.30%. Shengda Technology fell by 1.20% for 3 consecutive days with a total decrease of 5.90%. Yuchai International decreased by 0.49% for 3 consecutive days with a total drop of 1.55%. Quhuo fell by 5.81% for 3 consecutive days with a total decrease of 13.61%. MQ Technology decreased by 0.21% for 3 consecutive days with a total drop of 17.84%. Lichen China fell by 0.56% for 3 consecutive days with a total decrease of 1.95%. Feitian Industries decreased by 0.44% for 3 consecutive days with a total drop of 16.76%. Jiufu fell by 2.17% for 3 consecutive days with a total decrease of 8.16%. Yiqi Education Technology decreased by 1.55% for 3 consecutive days with a total drop of 6.62%. Bit Origin fell by 0.99% for 3 consecutive days with a total decrease of 6.98%. Lingyang Holdings decreased by 6.60% for 3 consecutive days with a total drop of 22.03%.

Chinese Concept Stock News:

JD Finance Wealth Research: Current Bond Bull Market Continues, No Turning Point Yet
JD Finance held a fourth-quarter wealth management strategy meeting. Regarding the current A-share market, JD Finance Wealth Business Research believes that with fiscal efforts and economic recovery in the fourth quarter, A-shares are expected to evolve from a "policy-driven bull market" to a "profit-driven bull market." For ordinary investors, JD Finance suggests configuring core broad-based indices and new quality productivity sectors in the fourth quarter. This includes considering core broad-based indices like the CSI 300, STAR Market 50, STAR Market 100, and ChiNext Index for basic allocation, while also considering new productivity directions such as the semiconductor sector related to core supply chain security, as well as information innovation, military industry, and core central state-owned enterprises for enhanced returns.

Alibaba: JP Morgan Increases Stake by Approximately HKD 5.9 Billion
According to data disclosed by the Hong Kong Stock Exchange, JP Morgan increased its holdings in Alibaba-SW by approximately 56.36 million shares on October 14th, with an average price of HKD 105.0870 per share, involving approximately HKD 5.922 billion. After the increase, the number of shares held was 1.551 billion, with the holding ratio rising from 7.80% to 8.09%.

State-Owned Assets New on Taobao for Double 11: National Heavy Equipment Manned Airship "Xiangyun" AS700 Available for Direct Order
Recently, the "State-Owned Assets New" Taobao store will introduce a new batch of national heavy equipment during Tmall Double 11. These hardcore domestic products represent the technological innovation achievements of central enterprises in key links of various industrial chains, showcasing the most advanced technology and manufacturing levels. Among them, China's first independently developed manned airship "Xiangyun" AS700 is available for direct order and can participate in Double 11 discounts. In addition, the highly anticipated "Nuclear Energy Self-Heating Pot" will also be listed on Taobao, with estimates showing that a day's energy production could steam rice for 16 million households.

He Xiaopeng: First Batch of XPeng P7+ Mass-Produced Cars Officially Rolled Off the Line
On October 18th, XPeng Motors Chairman He Xiaopeng revealed on Weibo that since the pre-sale of XPeng P7+, orders have been booming, and the actual production ramp-up has been completed. Today, the first batch of XPeng P7+ mass-produced cars officially rolled off the production line at the Guangzhou manufacturing base.

Legal Representative Change at Alibaba (China) Software Co., Ltd., Wang Wei Replaces Chen Li
Tianyancha App shows that on October 14th, Alibaba (China) Software Co., Ltd. underwent an industrial and commercial change. Chen Li stepped down as the legal representative, executive director, and general manager, and Wang Wei took over as the legal representative and became the director and manager in charge of company affairs. Established in August 2004, the company has a registered capital of approximately USD 1.1807 million, and its business scope includes software development, network equipment manufacturing, information technology consulting services, software sales, project planning, and public relations services, as well as technology intermediary services. It is wholly owned by Alibaba Network China Co., Ltd.

Rumors of JD Finance Run, Official Response: Untrue, User Funds Protected by Legal Regulation
In the early hours of October 18th, a screenshot claiming that JD Finance wealth management products could not be redeemed due to massive withdrawals circulated on various social media platforms. The screenshot stated, "Current product triggered massive redemption, please try again on the next redemption open day." As the rumors spread, many netizens expressed concerns about a possible run on JD Finance. Reporters contacted JD Finance's customer service, who stated, "There is no issue as described regarding JD Finance on our platform, and the online statements are false. All user funds at JD Finance are managed by licensed financial institutions and are protected by law, so there is no need to worry about fund safety." Regarding the rumored inability to redeem on the day of massive withdrawals, they stated, "Different products have different redemption rules, and users need to provide screenshots for specific inquiries."

Li Auto's Total Deliveries Surpass 1 Million Units
On October 18th, according to Li Auto, the company's cumulative deliveries have surpassed 1 million units.

TSMC Responds to U.S. Investigation on Huawei: We Comply with the Law
On the 18th, TSMC stated in a declaration that the company complies with the law and is committed to adhering to legal regulations, including export controls. Previously, reports indicated that the U.S. government is investigating its transactions with Huawei. TSMC said that if any potential issues are found, they will promptly take action to ensure compliance, including conducting investigations and proactively communicating with customers and regulatory agencies.

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