US Stock Market Move | Chinese concept stocks rise, PDD Holdings Inc. Sponsored ADR Class A (PDD.US) up more than 4.6%

On Monday, Chinese stocks rose. As of the time of writing, PDD Holdings Inc. Sponsored ADR Class A (PDD.US) rose by over 4.6%, NIO Inc. Sponsored ADR Class A (NIO.US) rose by over 4.3%, XPeng, Inc. ADR Sponsored Class A (XPEV.US) rose by over 2.8%, Bilibili, Inc. Sponsored ADR Class Z (BILI.US) rose by over 1%, Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose by over 0.8%, JD.com, Inc. Sponsored ADR Class A (JD.US) rose by over 0.5%. In terms of news, Trump stated that the report from The Washington Post is false, citing so-called anonymous sources that do not actually exist. Trump also said that this is another example of fake news. Trump also stated that his tariff policy will not water down. The Washington Post had previously reported that Trump is considering implementing universal tariffs only on key imported goods. The US dollar fell sharply against most major currencies on Monday.