U.S. Stocks Move Differently | Most popular Chinese concept stocks rise, Pinduoduo (PDD.US) rises nearly 6%

According to the Wisdom Financial APP, on Wednesday, most popular Chinese concept stocks rose, with the Nasdaq Golden Dragon Index rising nearly 2%; Pinduoduo (PDD.US) rose nearly 6%, GDS.US rose over 7%, XPeng group (XPEV.US) rose over 4%, Baidu (BIDU.US) rose over 3%, Alibaba (BABA.US) and Li Auto (LI.US) rose nearly 3%, JD.com (JD.US) rose over 2%. On the news front, Federal Reserve Chairman Kevin Wash participated in a monetary policy panel discussion at the European Central Bank's global central bank forum in Sintra, Portugal, with several major central bank governors. In his opening remarks, Wash refused to provide any signal on what policy action the Fed might take at its monetary policy meeting later this month. Regarding inflation, Wash said that the inflation outlook has improved since the meeting of the Federal Reserve's rate-setting committee a few weeks ago, while also reaffirming the commitment to lower inflation.