U.S. Stock Market Midday Update: Miniso up 12.58%

U.S. Stock Market Midday Update

Miniso rose 12.58%, with increased trading volume. Based on recent important news:

1. On August 21, Miniso announced its interim results, with revenue increasing by 21.1% year-on-year, and declared a special cash dividend, stimulating the stock price to rise by 12.58%.

2. On August 22, Miniso announced that TOP TOY completed strategic financing, with a valuation of HKD 10 billion, further driving up the stock price.

3. On August 22, Bank of America Securities upgraded Miniso's rating to "Neutral," raising the target price to HKD 46.9, reflecting better-than-expected performance.

Stocks with High Trading Volume in the Industry

Pinduoduo rose 2.88%, with increased trading volume. Based on recent important news:

1. On August 22, the State Administration for Market Regulation launched a pilot program for product quality safety coding verification for online sales, with Pinduoduo participating, enhancing platform trust, leading to a rise in stock price.

2. On August 22, Pinduoduo's Q2 performance expectations were positive, boosting market confidence and breaking through the stock price.

3. On August 22, many investors increased their positions in Pinduoduo, driving the stock price up.

Amazon rose 0.15%, with increased trading volume. Based on recent important news:

1. On August 20, Amazon announced that the number of products available for its corporate clients increased by 25% year-on-year, pushing annual total sales over USD 35 billion, leading to a 0.15% rise in stock price.

2. On August 20, Amazon partnered with Hertz to sell used cars online, marking an expansion of its automotive business and boosting market confidence.

3. On August 19, Amazon was considered to have undervalued investments in artificial intelligence, with analysts generally giving a "Buy" rating, enhancing investor confidence.

Alibaba rose 2.96%, with a trading volume of USD 295 million. Based on recent key news:

1. On August 19, Alibaba announced a buyback of 26,100 shares, involving USD 391,900, leading to a rise in stock price.

2. On August 21, Alibaba planned to spin off its Zebra Network for a Hong Kong listing, receiving a positive market reaction and increasing the stock price.

3. On August 22, Alibaba had 8 large transactions at prices between HKD 117.1-117.8, with increased trading volume, leading to a rise in stock price.

Stocks with High Market Capitalization in the Industry

MercadoLibre rose 0.94%, with increased trading volume. Based on recent important news:

1. On August 21, MercadoLibre released a new market strategy, driving up the stock price.

2. On August 20, market analysts expressed optimism about MercadoLibre's future growth potential, resulting in a rise in stock price.

3. On August 19, despite analysts suggesting to focus on other stocks, MercadoLibre maintained a moderate buy rating