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

On August 12, Eastern Time (Tuesday), all three major U.S. stock indexes rose by more than 1%. The S&P 500 index increased by 1.13% to 6,445.76 points; the Dow Jones index rose by 1.10% to 44,458.61 points; and the NASDAQ index climbed by 1.39% to 21,681.90 points.

On August 12, the NASDAQ Golden Dragon China Index rose by 1.49%.

Regarding popular Chinese concept stocks, Alibaba rose by 3.22%, JD.com increased by 3.02%, Pinduoduo climbed by 3.00%, Baidu rose by 2.14%, NetEase increased by 1.62%, TSMC climbed by 0.88%, NIO fell by 8.86%, XPeng Motors dropped by 6.10%, and Bilibili decreased by 1.17%.

Companies that have continuously risen include Dragon Acquisitions with a recent increase of 0.11% over 28 days, during which it rose by 0.69%; Gaotu increased by 1.61% over 9 days, rising by 9.22% during this period; Wintergreen climbed by 0.10% over 9 days, increasing by 0.10%; Waterdrop rose by 1.62% over 8 days, with a 16.77% increase; and UCLOUDLINK rose by 7.28% over 8 days, with a 56.08% increase.

Companies that have continuously fallen include Yesangxin with a recent decrease of -3.08% over 6 days, dropping by -29.49% during this period; SOS dropped by -3.27% over 6 days, with a -24.18% decrease; Puhua Bio decreased by -4.98% over 6 days, with a -25.60% drop; Future FinTech Group fell by -1.13% over 6 days, decreasing by -19.72%; Next Technology dropped by -10.00% over 5 days, with a -26.15% decrease; Sky Solar Holdings decreased by -5.26% over 5 days, with a -47.83% drop; Able View Global fell by -6.19% over 5 days, decreasing by -14.14%; Phoenix New Media decreased by -0.52% over 5 days, with a -5.00% drop; and Casstar Technology fell by -2.61% over 5 days, decreasing by -20.00%.

JD Finance: Nearly 60% of Users Are Young, Post-90s Leading in Fund Investment
"The proportion of young investors on the platform continues to climb," introduced Yang Hui, Vice President of JD Group and Head of the Wealth Management Business Unit of JD Technology Fintech Division, at the investment strategy meeting hosted by JD Finance on August 12. Data shows that young users account for nearly 60% of the platform, with the 25-35 age group accounting for 40% and the 18-25 age group accounting for 20%. The post-95 and post-00 generations, known as Generation Z, are becoming the driving force for growth in fund investments.

TSMC: Approves Capital Budget of Approximately $20.7 Billion
On the 12th, TSMC announced the approval to distribute a cash dividend of NT$5.0 per share for the second quarter of 2025. The approved capital budget is approximately $20.7 billion, including: 1. Establishing advanced process capacity; 2. Building advanced packaging, mature, and/or special process capacity; 3. Constructing plant buildings and facility engineering. They have also approved raising unsecured ordinary corporate bonds in amounts not exceeding NT$60 billion to support capacity expansion and/or green-related expenditure needs, and approved increasing capital in its 100% owned subsidiary, TSMC Global, by up to $10 billion to reduce foreign exchange hedging costs.