Chinese stocks experienced mixed movements recently, with the Nasdaq Golden Dragon China Index (HXC) dropping by 1.16%. Among the gainers, Taiwan Semiconductor Manufacturing Company (TSM, Financial) surged by 5.46%, Pinduoduo increased by 2.27%, and ASE Technology Holding Co. rose by 4.21%. Other notable risers included United Microelectronics Corporation, Xpeng Motors, and GDS Holdings, all posting modest gains.
Conversely, several Chinese stocks saw declines. Alibaba fell by 0.02%, JD.com decreased by 0.57%, and Trip.com Group dropped by 3.34%. Li Auto and Beike Holdings also faced notable declines, with Li Auto down by 3.43% and Beike by 1.61%. Miniso Group suffered a significant drop of 12.66%, while 360 DigiTech fell by 5.56%.
In the broader U.S. stock market, performance was also mixed. The Dow Jones Industrial Average slightly decreased by 0.06%, while the Nasdaq Composite gained 243.30 points, marking a 1.24% increase. The S&P 500 Index rose by 0.55%. Nvidia led the tech sector gains, while former President Jimmy Carter's passing will lead to a market closure for a day of mourning.
