US Stock Market Move | Chinese concept stocks continued to rise, Bilibili, Inc. Sponsored ADR Class Z (BILI.US) rose more than 7.8%.

On Friday, Chinese concept stocks continued to rise. As of the time of writing, PDD Holdings Inc. Sponsored ADR Class A (PDD.US) rose by 5.7%, Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose by over 3.6%, Bilibili, Inc. Sponsored ADR Class Z (BILI.US) rose by over 7.8%, So-Young International, Inc. Sponsored ADR Class A (SY.US), Tuniu Corp. Sponsored ADR Class A (TOUR.US), Jinko Solar (JKS.US) rose by over 10%, Baidu Inc Sponsored ADR Class A (BIDU.US) rose by over 4%, and Tencent Music Entertainment Group Sponsored ADR Class A (TME.US) saw a slight increase. On September 26th, the Central Political Bureau of the Communist Party of China held a meeting to analyze and study the current economic situation and deploy the next steps in economic work. The meeting pointed out the importance of focusing on key issues, taking proactive actions, effectively implementing existing policies, intensifying the introduction of new policies, further enhancing the targeting and effectiveness of policy measures, and striving to achieve the annual economic and social development goals. Morgan Stanley believes that from a technical perspective, the China A50 Index may still have about 10% upside in the short term. Hedge fund legendary figure David Tepper stated on Thursday that he would buy all Chinese assets. Tepper said in a media interview, "I thought that the Federal Reserve's rate cut last week would lead to China easing monetary policy, but I didn't expect them to make such a big move. This is a complete turnaround."