US Stock Market Move | Chinese concept stocks continue their upward trend, with the Golden Dragon Index increasing by over 3%.

On Friday, Chinese concept stocks continued to rise. As of the time of writing, the Nasdaq Golden Dragon Index has expanded by more than 3%. Bilibili, Inc. Sponsored ADR Class Z (BILI.US) surged by over 10%, KINGSOFT CLOUD (KC.US) rose by over 8%, XPeng, Inc. ADR Sponsored Class A (XPEV.US) surged by over 8%, Tencent Music Entertainment Group Sponsored ADR Class A (TME.US) rose by over 7%, Li Auto, Inc. Sponsored ADR Class A (LI.US), Alibaba Group Holding Limited Sponsored ADR (BABA.US), and NIO Inc. Sponsored ADR Class A (NIO.US) all rose by over 6%, and Baidu Inc Sponsored ADR Class A (BIDU.US) rose by over 5%.