US Stock Market Move | Chinese concept stocks rise, Jinlong Index up more than 1.8%

On Monday, Chinese concept stocks rose, with the China Golden Dragon Index rising more than 1.8%. As of press time, Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose more than 4%, PDD Holdings Inc. Sponsored ADR Class A (PDD.US) rose more than 3%, JD.com, Inc. Sponsored ADR Class A (JD.US) rose more than 1.8%, Li Auto, Inc. Sponsored ADR Class A (LI.US) rose more than 3%, and NIO Inc. Sponsored ADR Class A (NIO.US) rose slightly. In terms of news, many international banks such as Goldman Sachs Group, Inc., Deutsche Bank, Bank of America, BlackRock, Inc. all expressed optimism about the future development of Chinese assets. The main reasons include DeepSeek triggering a reassessment of the value of Chinese concept stocks, policy support for the development of Chinese technology companies, and the fading leading advantage of the US stock market.