Chinese Stocks Surge: DQ Leads with Nearly 15% Gain

Author's Avatar
Oct 25, 2024

Chinese stocks listed in the U.S. have shown significant strength, with the Nasdaq Golden Dragon China Index increasing by 2%. Among the biggest gainers, Daqo New Energy (DQ, Financial) surged nearly 15%, while Canadian Solar (CSIQ) and JinkoSolar (JKS) both gained over 11%.

Additionally, Dingdong (DDL) soared over 10%. Other notable performers include XPeng (XPEV) with an over 8% increase, and Li Auto (LI) and GDS Holdings (GDS), both achieving more than a 6% rise.

Stocks like Dada Nexus (DADA), Kingsoft Cloud (KC), EHang Holdings (EH), Bilibili (BILI), and NIO (NIO) saw increases exceeding 5%. Weibo (WB) and 21Vianet (VNET) both climbed over 4%, while stocks such as TAL Education Group (TAL), JD.com (JD), and Alibaba (BABA) recorded gains surpassing 2%.

Disclosures

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.