U.S. Stock Movement | Popular Chinese concept stocks rise, Alibaba up over 5%
On Monday, the Nasdaq China Golden Dragon Index surged by 3.27%, with popular Chinese concept stocks rising broadly. XPeng rose over 11%, FUTU Holdings increased by over 6%, Nio and Alibaba both rose over 5%, while PDD and Baidu gained over 3%. Additionally, the Shanghai Composite Index opened lower but closed slightly down by 0.19%, demonstrating resilience in the Chinese market. In terms of news, Trump posted on the "Truth Social" platform last Sunday, hinting to investors that he might not follow through on his previous threats. U.S. President Trump wrote: "No need to worry, everything will eventually get better!" Huaxi Securities believes that the recent escalation of Sino-U.S. trade frictions is likely to lead to increased volatility in the capital markets in the short term, but based on the capital market's "learning effect" and the strengthening of China's market stabilization mechanisms, the impact of this shock may be far lower than the levels seen in April of this year
According to the Zhitong Finance APP, on Monday, the Nasdaq China Golden Dragon Index surged by 3.27%, with popular Chinese concept stocks rising broadly. XPeng (PONY.US) rose over 11%, FUTU Holdings (FUTU.US) rose over 6%, Nio (NIO.US) and Alibaba (BABA.US) rose over 5%, while PDD (PDD.US) and Baidu (BIDU.US) rose over 3%. In addition, the Shanghai Composite Index opened lower but closed slightly down by 0.19%, demonstrating resilience in the Chinese market. On the news front, Trump posted on the "Truth Social" platform last Sunday, hinting to investors that he might not follow through on his previous threats. U.S. President Trump wrote: "No need to worry, everything will eventually get better!"
Huaxi Securities believes that the recent escalation of Sino-U.S. trade frictions will inevitably lead to increased volatility in the capital markets in the short term. However, based on the "learning effect" of the capital markets and the strengthening of China's market stabilization mechanisms, the impact of this shock may be far lower than the levels seen in April of this year
