Chinese Stocks Continue Rally with Gains for BEKE, BILI, JD, and Others

Oct 01, 2024

On Tuesday, the US stock market experienced a broad decline. However, Chinese concept stocks extended their upward trend.

The Nasdaq Golden Dragon China Index saw a rise of 2.44%. Notable gains included KE Holdings (BEKE, Financial) which jumped over 7%, Bilibili (BILI) which increased by more than 5%, and JD.com (JD) which climbed nearly 4%. Pinduoduo (PDD) rose by 3.7%, Huya (HUYA) gained over 3.5%, iQIYI (IQ) added 2.8%, Alibaba (BABA) saw an increase of over 2.4%, and Tencent Music (TME) grew by more than 2%.

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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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