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 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%.