Mixed Performance for Chinese Stocks; MINISO (MNSO) Leads Gains

Dec 03, 2024

On Tuesday, Chinese stocks showed mixed performance on the Nasdaq. The Nasdaq Golden Dragon China Index (HXC) rose by 1.16%. Among the gainers, Taiwan Semiconductor Manufacturing Company (TSM) increased by 2.34%, while MINISO (MNSO, Financial) led with a 9.64% rise. Other notable gainers included New Oriental Education & Technology (EDU) up 6.54%, and NIO (NIO) up 5.45%.

Conversely, Alibaba (BABA) fell by 0.31%, JD.com (JD) by 0.99%, and Baidu (BIDU) by 0.62%. The broader U.S. stock market closed with mixed results; the Nasdaq and S&P 500 reached new record highs. Investors are focused on upcoming U.S. employment data and the Federal Reserve's interest rate decisions. The Dow Jones Industrial Average slightly declined by 76.47 points, while the Nasdaq and S&P 500 posted modest gains.

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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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