US Stock Market Move | Tariff benefits stimulate popular Chinese concept stocks to rise across the board.

On Friday, the Nasdaq Golden Dragon Index in China rose more than 3%, with popular Chinese concept stocks rising across the board. KINGSOFT CLOUD (KC.US) rose over 7%, XPeng, Inc. ADR Sponsored Class A (XPEV.US) rose more than 6%, Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose nearly 5%, JD.com, Inc. Sponsored ADR Class A (JD.US) rose 4%, and PDD Holdings Inc. Sponsored ADR Class A (PDD.US) rose more than 3%. On the news front, on May 2nd, the spokesperson of the Ministry of Commerce answered questions from reporters about the situation of China-US economic and trade negotiations. The spokesperson of the Ministry of Commerce stated that China has noticed that the US has repeatedly expressed willingness to negotiate with China on the tariff issue. At the same time, the US has recently actively conveyed information to China through various channels, hoping to negotiate with China. In response, China is currently conducting an assessment.