US Stock Market Move | Hot Chinese concept stocks mostly rose in pre-market trading, with Hesaie (HSAI.US) up more than 9%.

On Monday, popular Chinese concept stocks rose before the market opened, with Hesai (HSAI.US) rising over 9%, Bilibili, Inc. Sponsored ADR Class Z (BILI.US), Ponyma Intelligence (PONY.US) rising nearly 7%, NIO Inc. Sponsored ADR Class A (NIO.US), Netease Inc Sponsored ADR (NTES.US) rising over 4%, Alibaba Group Holding Limited Sponsored ADR (BABA.US), and Baidu Inc Sponsored ADR Class A (BIDU.US) rising nearly 4%. In addition, the Hang Seng Tech Index surged 2.87% during the day. On the news front, it was reported that laser radar enterprise Hesai Group Sponsored ADR has secured cooperation with the top two ADAS customers for all their models by 2026, with laser radar being 100% standard equipment. According to sources, these two major customers are Xiaomi and Ideal. At the same time, Alibaba Group Holding Limited Sponsored ADR's Tongyi "Thousand Questions" App went online and surpassed ten million downloads in just one week, becoming the fastest-growing AI application with a strong market response. Furthermore, despite a recent global tech stock correction, many foreign investment banks are bullish on Chinese stocks. Morgan Stanley, J.P. Morgan, and UBS Group AG have recently published bullish views on Chinese stocks. Among them, Morgan Stanley predicts that Chinese stocks are expected to continue their strong upward trend in 2026.