Chinese stocks on the U.S. market showed mixed performance, with the Nasdaq Golden Dragon China Index rising by 0.42%. Among the gainers, Alibaba rose 0.65%, Netease increased 0.1%, and Li Auto (LI, Financial) surged 3.6%. Other notable increases included Xpeng (XPEV) up 2.16% and Zeekr up 8.64%. Meanwhile, TSMC (TSM) fell 1.58%, Pinduoduo (PDD) decreased 0.85%, and JD.com (JD) dropped 0.91%.
U.S. stock indices closed mostly flat. Major tech stocks mostly declined, with Tesla dropping over 1%, while Intel and Apple saw slight gains. U.S. mortgage rates hit a five-month high as the year-end approaches. The U.S. Labor Department reported a decrease of 1,000 in initial state unemployment claims, seasonally adjusted to 219,000.
On the index front, the Dow Jones rose 28.77 points, or 0.07%, to 43,325.80. The Nasdaq fell 10.77 points, or 0.05%, to 20,020.36, and the S&P 500 decreased 2.45 points, or 0.04%, to 6,037.59.
