Chinese Concept Stocks | Nasdaq Golden Dragon Index Soars 4.93% as Bilibili Leads Gains
AInvestWednesday, Oct 2, 2024 6:31 pm ET
1min read
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On October 2nd, Eastern Time (Wednesday), the three major U.S. stock indices closed higher. The S&P 500 rose by 0.01% to 5709.54 points; the Dow Jones increased by 0.09% to 42196.52 points; and the Nasdaq rose by 0.08% to 17925.12 points.

On October 2nd, the Nasdaq Golden Dragon China Index increased by 4.93%.

Regarding popular Chinese stocks, NetEase rose by 7.88%, Pinduoduo by 4.85%, Baidu by 4.40%, JD.com by 4.36%, XPeng by 3.81%, NIO by 2.63%, Alibaba by 2.22%, TSMC by 2.14%, and Bilibili by 10.96%.

Companies experiencing consecutive gains include Agora with a recent rise of 79.64% over 9 days and a cumulative increase of 150.76%, Futu Holdings with a rise of 4.94% over 8 days and a cumulative increase of 72.21%, Atour with a rise of 6.18% over 8 days and a cumulative increase of 30.30%, FinVolution with a rise of 7.06% over 8 days and a cumulative increase of 25.60%, Xunlei with a rise of 17.84% over 8 days and a cumulative increase of 41.10%, TH International with a rise of 0.95% over 8 days and a cumulative increase of 40.31%, and Enjoy Holdings with a rise of 5.80% over 8 days and a cumulative increase of 26.27%.

Companies experiencing consecutive losses include Chengdao Environmental with a recent drop of -4.18% over 5 days and a cumulative decrease of -8.02%, Hao Xi Health with a drop of -11.45% over 5 days and a cumulative decrease of -34.33%, Haidilao with a drop of -2.61% over 4 days and a cumulative decrease of -6.61%, The9 with a drop of -2.39% over 4 days and a cumulative decrease of -8.38%, Hongli Group with a drop of -17.47% over 4 days and a cumulative decrease of -33.24%, and Antelope Holdings with a drop of -2.67% over 4 days and a cumulative decrease of -12.12%.

XPeng: Delivered 21,352 Vehicles in September, Setting a Monthly Record with a 39% Year-on-Year Increase
XPeng announced that in September 2024, it delivered a total of 21,352 smart electric vehicles, setting a new monthly delivery record, with a year-on-year increase of 39% and a month-on-month increase of 52%.

Alibaba: Repurchased $4.1 Billion in Shares in Q3
Alibaba announced on the Hong Kong Stock Exchange that during the quarter ending September 30, 2024, the company repurchased a total of 414 million ordinary shares (equivalent to 52 million American Depositary Shares) at a total price of $4.1 billion. These repurchases were conducted in both the U.S. and Hong Kong markets under the company's share repurchase plan. There remains $22 billion under the board-authorized share repurchase plan, valid until March 2027.

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