Chinese Stocks in U.S. See Mixed Performance, Alibaba Rises 2.02%, Micro Cow Drops 27.31%

On Thursday, the performance of popular Chinese stocks listed in the U.S. was mixed. Alibaba Group Holding Ltd. saw a 2.02% increase, while Micro Cow Inc. experienced a significant drop of 27.31%.

Among the stocks that rose, other notable performers included Pinduoduo Inc., which increased by 1.45%, and NetEase Inc., which gained 1.36%. China Telecom Corporation Ltd. saw a modest increase of 0.23%, while Baidu Inc. rose by 0.11%. Li Auto Inc. and ZTO Express Inc. also showed gains, with increases of 1.78% and 0.27% respectively. Other stocks that saw gains included Full Truck Alliance Co. Ltd., China New City Development Co. Ltd., TAL Education Group, and Bilibili Inc., with increases ranging from 0.12% to 3.86%.

On the other hand, several stocks experienced declines. JD.com Inc. fell by 1.77%, while Trip.com Group Ltd. and Ke Holdings Inc. saw decreases of 1.26% and 1.83% respectively. Tencent Music Entertainment Group and Simplo Technology Co. Ltd. also declined, with drops of 0.32% and 1.58% respectively. Other stocks that saw declines included Xpeng Inc., United Microelectronics Corporation, Futu Holdings Ltd., Huazhu Group Ltd., BOSS Zhipin, and WSP Holdings Ltd., with decreases ranging from 0.22% to 2.62%.

The mixed performance of Chinese stocks listed in the U.S. on Thursday reflects the broader market sentiment, which has been influenced by various factors. The uncertainty surrounding U.S. tariffs on Chinese goods has continued to weigh on investor sentiment, leading to volatility in the market. Additionally, the upcoming holiday in the U.S. may have contributed to the mixed performance, as traders may have been adjusting their positions ahead of the long weekend.

Overall, the performance of Chinese stocks listed in the U.S. on Thursday was mixed, with some stocks seeing significant gains while others experienced declines. The market sentiment remains cautious, with investors closely monitoring developments related to U.S.-China trade relations and other geopolitical factors. As the market continues to evolve, it will be important for investors to stay informed and adapt their strategies accordingly.