US Stock Market Move | Popular Chinese concept stocks collectively surged, MNSO (MNSO.US) rose sharply by 12%.
On Friday, popular Chinese concept stocks collectively surged, with Miniso Group (MNSO.US) soaring 12%.
On Friday, popular Chinese concept stocks collectively surged, with MNSO (MNSO.US) skyrocketing by 12%, NIO Inc. Sponsored ADR Class A (NIO.US) rising by over 7%, KINGSOFT CLOUD (KC.US) increasing by over 5%, PDD Holdings Inc. Sponsored ADR Class A (PDD.US) and Alibaba Group Holding Limited Sponsored ADR (BABA.US) both rising by over 3%, and XPeng, Inc. ADR Sponsored Class A (XPEV.US) increasing by over 2%.
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China Securities Co., Ltd.: Domestic computing power sector welcomes intensive catalysis, computing power chips usher in a window of opportunity for domestic substitution.
The number of "hundred-yuan stocks" on the A-share market has tripled year-on-year, with as many as 30 semiconductor companies.
Guotai Haitong: The Federal Reserve may start cutting interest rates in September, with up to two rate cuts expected by the end of the year.
China Securities Co., Ltd.: Domestic computing power sector welcomes intensive catalysis, computing power chips usher in a window of opportunity for domestic substitution.
The number of "hundred-yuan stocks" on the A-share market has tripled year-on-year, with as many as 30 semiconductor companies.
Guotai Haitong: The Federal Reserve may start cutting interest rates in September, with up to two rate cuts expected by the end of the year.
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