Chinese Concept Stocks | Pinduoduo and JD Lead Gains as Nasdaq China Golden Dragon Index Rises

On January 24th, Eastern Standard Time (Friday), the three major U.S. stock indices collectively closed lower. The S&P 500 index fell by 0.29% to 6100.72 points; the Dow Jones index fell by 0.33% to 44418.77 points; and the Nasdaq index fell by 0.47% to 19959.13 points.

On January 23rd, the Nasdaq Golden Dragon China Index rose by 0.13%.

Regarding popular Chinese concept stocks, Pinduoduo rose by 7.05%, JD.com increased by 5.22%, Baidu went up by 4.64%, NIO rose by 3.75%, NetEase increased by 3.75%, Alibaba went up by 3.52%, Xpeng Motors rose by 3.13%, Bilibili increased by 2.80%, while TSMC fell by 1.26%.

The Chinese concept stocks that continued to rise include Global Lights with an increase of 0.19% for 14 consecutive days and a cumulative increase of 0.94% over the period. Landsea Green Properties rose by 3.58% for 8 consecutive days with a cumulative increase of 25.11%. EHang Holdings increased by 3.78% for 8 consecutive days with a cumulative rise of 17.66%. Ming Teng rose by 0.08% for 8 consecutive days with a cumulative rise of 23.05%. Rongye Foods increased by 0.86% for 7 consecutive days with a cumulative rise of 34.17%. Best Inc. rose by 0.72% for 7 consecutive days with a cumulative increase of 1.87%.

Among the Chinese concept stocks that continued to fall, Mantech Holdings decreased by 3.73% for 9 consecutive days with a total decline of 30.18%. Baijia Cloud fell by 4.27% for 6 consecutive days with a total decline of 28.64%. Uxin dropped by 0.23% for 5 consecutive days with a total decline of 9.17%. Star Fashion fell by 12.02% for 5 consecutive days with a total decline of 89.61%. Akso Health decreased by 7.75% for 4 consecutive days with a total decline of 14.94%. GD Culture Group fell by 5.71% for 4 consecutive days with a total decline of 16.13%. Atif Holdings dropped by 10.08% for 4 consecutive days with a total decline of 36.06%. Hao Xi Health decreased by 1.05% for 4 consecutive days with a total decline of 26.21%. XChange fell by 2.77% for 4 consecutive days with a total decline of 20.00%. Taoping decreased by 3.21% for 4 consecutive days with a total decline of 7.42%. TuanChe fell by 5.52% for 4 consecutive days with a total decline of 11.00%.

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