Chinese Stocks Surge: TIGR, LX, ZLAB, NIU Lead Gains

Oct 18, 2024

Chinese stocks experienced a significant rally, influencing the U.S. market, particularly boosting Chinese concept stocks. The Nasdaq Golden Dragon China Index soared by over 4%.

Among the index components, UP Fintech Holding (TIGR, Financial) surged more than 11%, while LexinFintech (LX), Zai Lab (ZLAB), Niu Technologies (NIU), and EHang Holdings (EH) each climbed over 8%.

Additionally, Kingsoft Cloud (KC), Dada Nexus (DADA), Qifu Technology (QFIN), and Bilibili (BILI) increased by over 7%. JinkoSolar (JKS), XPeng (XPEV), Li Auto (LI), Youdao (DAO), Trip.com (TCOM), and Miniso Group (MNSO) rose more than 6%, with NetEase (NTES) seeing a 5% rise.

JD.com (JD), Baidu (BIDU), New Oriental Education (EDU), and Huazhu Group (HTHT) gained over 3%, while Alibaba Group (BABA) went up by more than 2%.

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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