On Thursday, the performance of popular Chinese stocks was mixed. The Nasdaq Golden Dragon China Index (HXC) fell by 0.82%. Among the gainers, Li Auto (LI, Financial) rose by 1.22%, Trip.com (TCOM) increased by 1.01%, WSP Holdings surged by 10.56%, and Zeekr climbed 4.33%. UMC saw a minor increase of 0.06%, and Miniso gained 0.33%.
In contrast, there were several significant decliners. Taiwan Semiconductor Manufacturing Co. (TSM) dropped by 1.47%, Alibaba (BABA) fell by 1.68%, and JD.com (JD) also decreased by 1.68%. Pinduoduo (PDD) declined by 0.78%, while Netease (NTES) and Baidu (BIDU) slipped by 1.45% and 0.52%, respectively.
U.S. stock markets closed with mixed results. The Dow Jones Industrial Average fell for the fourth consecutive session, dropping 140.59 points, or 0.33%, to 42,374.36. The S&P 500 ended its three-day losing streak and rose by 0.21% to 5,809.86. The Nasdaq Composite gained 138.83 points, or 0.76%, reaching 18,415.49. Tesla's (TSLA) stock soared by approximately 22% following the announcement of its earnings. Investors continue to focus on U.S. corporate earnings reports and the Federal Reserve's interest rate outlook.
Overall, while some Chinese stocks saw gains, others continued to face pressures in the current market environment.
