NIO (NIO) Leads Surge in Chinese Stocks Listed on Nasdaq with Over 10% Gain

Sep 27, 2024

On September 27, U.S. time, Chinese stocks listed on Nasdaq saw significant gains, pushing the Nasdaq Golden Dragon China Index up by 4%.

NIO (NIO, Financial) led the surge with a rise of more than 10%, while XPeng (XPEV) increased by over 6%. Travel service provider Trip.com (TCOM) climbed more than 5%. Baidu (BIDU) and New Oriental Education (EDU) both saw gains exceeding 4%. Alibaba (BABA), NetEase (NTES), JD.com (JD), Yum China (YUMC), Huazhu Group (HTHT), and Full Truck Alliance (YMM) each rose over 3%. Li Auto (LI) also had an impressive day, increasing over 2%.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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