Chinese Stocks Surge in U.S. Markets, Nasdaq Golden Dragon Index Rises Over 6%

Oct 02, 2024

Chinese stocks showed significant strength in the U.S. markets as the Nasdaq Golden Dragon China Index surged over 6%. Key performers included:

Agora (API, Financial) saw a remarkable increase of 106%, leading the charge among Chinese stocks. Tiger Brokers (TIGR) climbed nearly 30%, while Kingsoft Cloud (KC) and LexinFintech (LX) both recorded gains of approximately 15%. Bilibili (BILI) and Youdao (DAO) also experienced notable upswings of more than 11%.

Other significant gainers included Qudian (QD) and Niu Technologies (NIU), both up over 9%, along with New Oriental (EDU) and Dada Nexus (DADA), each rising more than 8%.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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