Most of the popular Chinese concept stocks rose, and the three carmakers all rose; most of the concept stocks in the liquidation storm rebounded, and Vipshop will rise by more than 8%.
Edit/IrisW
On Tuesday, the three major U.S. stock indexes closed down slightly. The U.S. 10-year Treasury bond yield hit a 14-month high, putting pressure on technology stocks, and popular Chinese concept stocks rebounded strongly.
Futu’s popular Chinese concept stocks sector stocks rose more and less. Among them, 34 stocks rose, 7 stocks fell, and 1 stock closed flat.
The specific performance of China Concept Stocks is as follows:
Among well-known Chinese concept stocks: Alibaba fell 1.13%, JD rose 1.52%, Pinduoduo rose 2.97%, Baidu rose 6.61%, Bilibili rose 3.46%, iQiyi rose 3.99%, Tencent Music rose 4.92 %, Weilai Automobile rose 5.74%, Xiaopeng Automobile rose 7.67%, and Ideal Automobile rose 2.12%.
The big increases were: Daquan New Energy rose by 13.55%, JinkoSolar rose by 14.07%, Yihang Smart rose by more than 9%, Qinhuai Data and Yixian E-commerce rose by more than 7%.
The biggest decliners were: Zhihu fell more than 5%, Blue City Brothers, Huya fell about 3%.
Market source: Futu Niuniu>
Focus Review
Most of the stocks of the concept stocks of the liquidation storm rebounded, and Vipshop will rise by over 8%
$Vipshop (VIPS.US) was boosted by a US$500 million share repurchase program and closed up by more than 8%. GSX benefited from CEO Chen Xiangdong’s plan to increase the company’s shares by more than 4%; Baidu rose by more than 4% Over 6%, Tencent Music rose nearly 5%, and iQiyi rose nearly 4%.
