Popular Chinese concept stocks generally bucked the market and rose on Tuesday, outperforming the US stock market as a whole, led by e-commerce and new energy vehicles.
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Niu Niu knocks on the blackboard:
Alibaba closed up more than 6%, which was the biggest intraday gain in 5 months;
Pinduoduo rose 15.6%, its market value exceeded US$200 billion, and Jingdong rose more than 5%;
The new car-making forces collectively strengthened, Xiaopeng rose over 9%, ideally rose over 6%, and Weilai rose over 4%;
Blockchain concept stocks generally fell, and the ninth city fell more than 15%.
The popular Chinese concept stocks generally bucked the market and rose on Tuesday, outperforming the U.S. stock market as a whole, led by e-commerce and new energy vehicles.
The specific performance is as follows:
Among well-known Chinese concept stocks: Pinduoduo rose 15.57%, Alibaba rose 6.25%, Xiaopeng Motors rose 9.31%, MINISO rose 4.1%, Momo rose 3.54%, Yixian E-commerce rose 1.54%, Bilibili rose 1.31%;
The big decliners were: Boqi Pet fell 12.75%, JinkoSolar fell 4.88%, Dada Group fell 3.37%, and New Oriental fell 2.03%.
Market source: Futu Niuniu>
Focus Review
Alibaba closed up over 6%, which was the biggest intraday gain since July this year
The share price of $Alibaba (BABA.US)$ rose all the way on Tuesday, with an intraday gain of more than 7%, setting a new high intraday gain since July. As of the close, Ali’s share price closed up 6.25% to $236.26. Recovered nearly half of the decline since December 23. The company previously announced an increase in the total repurchase to US$10 billion.