Chinese stocks surged, with the Nasdaq Golden Dragon China Index (HXC) closing up by 4.93%. Major gainers included Taiwan Semiconductor Manufacturing Company (TSM), which rose by 2.17%, Alibaba (BABA, Financial) by 2.23%, Pinduoduo (PDD) by 4.85%, and JD.com (JD) by 4.36%. NetEase (NTES) saw a significant increase of 7.88%, while Trip.com (TCOM) climbed 7.05%, and Baidu (BIDU) advanced 4.40%. Li Auto (LI) was up by 4.55%, KE Holdings (BEKE) by 5.22%, and Tencent Music (TME) by 7.57%. Other notable risers included ZTO Express (ZTO) up by 6.14%, Futu Holdings (FUTU) by 4.94%, and NIO (NIO) by 2.70%.
Bilibili (BILI) had a standout performance, rising by 10.96%. Full Truck Alliance (YMM) increased by 5.38%, while Vipshop Holdings (VIPS) climbed 4.28%, and Kanzhun Limited (BZ) advanced by 1.94%. Huazhu Group (HTHT) increased by 6.69%, and ZEEKR (ZEV) rose 5.69%. Notable names also included MINISO Group Holding (MNSO) up by 0.80%, 360 DigiTech (QFIN) by 7.45%, GDS Holdings (GDS) by 2.73%, and Autohome (ATHM) by 2.99%. Atour Lifestyle Holdings (ATAT) was up by 6.18%, and Lufax Holding (LU) surged 13.08%.
On the downside, Chunghwa Telecom (CHT) decreased by 0.38% and United Microelectronics Corporation (UMC) dipped by 0.06%.
The U.S. stock markets showed modest gains, with all three major indices rising by less than 0.1%. The Dow climbed by 39.55 points (0.09%) to 42,196.52, the Nasdaq added 14.76 points (0.08%) to reach 17,925.12, and the S&P 500 gained 0.79 points (0.01%) to 5,709.54. Although the U.S. September ADP employment data exceeded expectations, the market remains focused on the escalating geopolitical tensions in the Middle East and a significant dockworker strike in the U.S. Investors are eagerly anticipating the release of the nonfarm payroll data.
