US Stock Market Move | The majority of Chinese concept stocks bucked the market trend and surged with Fangdd Network Group Ltd Sponsored ADR Class A (DUO.US) rising over 12%.

On Wednesday, most Chinese concept stocks rose against the market trend. Fangdd Network Group Ltd Sponsored ADR Class A (DUO.US) surged more than 12%, KE Holdings, Inc. Sponsored ADR Class A (BEKE.US) surged more than 6%, Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose nearly 3%, Bilibili, Inc. Sponsored ADR Class Z (BILI.US), and Li Auto, Inc. Sponsored ADR Class A (LI.US) both rose more than 2%. On the news front, the mainland artificial intelligence (AI) large model DeepSeek has gained popularity, leading to continued pursuit of Chinese technology stocks. UBS Group AG believes that the road to the rise of the Chinese stock market driven by DeepSeek may not be halfway through yet, as good liquidity and low interest rates could bring future value reassessment opportunities for AI concept stocks.