Most popular Chinese stocks saw gains. The NASDAQ Golden Dragon China Index (HXC) rose by 1.38%. Key performers included TSMC (TSM), up 2.78%, Alibaba (BABA) rising 1.10%, Pinduoduo (PDD) up 0.90%, and JD.com (JD) increasing by 1.45%. Notably, Li Auto (LI, Financial) surged 5.07%, and XPeng (XPEV) rose 6.30% among others.
Some stocks recorded declines, such as Ctrip (TCOM) down 0.34%, BeiGene (BGNE) falling 0.63%, and ZTO Express (ZTO) decreasing by 1.58%.
U.S. stock indices had mixed results. The NASDAQ reached an intraday record high and marked its seventh consecutive week of gains. The Dow Jones and S&P 500 ended their six-week rally streaks. Investors focused on earnings reports, economic data, the presidential election, and the Federal Reserve's interest rate policy. The U.S. consumer confidence index for October hit a six-month peak.
The Dow Jones fell 259.96 points, or 0.61%, to 42,114.40 points; the NASDAQ rose 103.12 points, or 0.56%, to 18,518.61 points; the S&P 500 dropped 1.74 points, or 0.03%, to 5,808.12 points. The NASDAQ hit an intraday high of 18,690.01 points, setting a new record.
This week, the S&P 500 decreased by 0.96%, and the Dow dropped 2.68%, ending their six-week gains. The NASDAQ gained 0.16%, continuing its seven-week rise.
