U.S. Stock Market Update | Chinese concept stocks continue to rise, Bilibili surges over 7.8%

According to the Wise Finance app, on Friday, Chinese concept stocks continued to rise. As of the time of publication, Pinduoduo (PDD.US) rose by 5.7%, Alibaba (BABA.US) rose by over 3.6%, Bilibili (BILI.US) rose by over 7.8%, So-Young (SY.US), Tuniu (TOUR.US), Jinko Solar (JKS.US) rose by over 10%, Baidu (BIDU.US) rose by over 4%, and Tencent Music (TME.US) saw a slight increase. On September 26th Beijing time, the Political Bureau of the CPC Central Committee held a meeting to analyze and study the current economic situation and deploy the next economic work. The meeting pointed out the need to focus on key areas, take proactive actions, effectively implement existing policies, intensify the introduction of new policies, further enhance the targeted and effective nature of policy measures, and strive to achieve the annual economic and social development goals. Morgan Stanley believes that from a technical perspective, the China CSI 300 Index may still have about 10% upside potential in the short term. Hedge fund legend David Tepper stated on Thursday that he would buy all Chinese assets. Tepper said in a media interview, "I thought the Fed's rate cut last week would lead to China easing policies, but I didn't expect them to make such a big move. This is a complete turnaround."