US Stock Market Move | Popular Chinese concept stocks are generally rising, KINGSOFT CLOUD (KC.US) is up 10%.
On Wednesday, the Nasdaq China Golden Dragon Index rose by 2.76%, popular Chinese concept stocks rose across the board, with Alibaba (BABA.US) up more than 10% and Kingsoft Cloud (KC.US) up by 10%.
On Wednesday, the Nasdaq Golden Dragon Index rose by 2.76%, with popular Chinese concept stocks generally rising. Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose by over 10%, KINGSOFT CLOUD (KC.US) rose by 10%, VNET Group, Inc. Sponsored ADR (VNET.US) rose by over 5%, Baidu Inc Sponsored ADR Class A (BIDU.US) rose by nearly 5%, JD.com, Inc. Sponsored ADR Class A (JD.US) rose by 4%, iQIYI, Inc. Sponsored ADR Class A (IQ.US), and New Oriental Education & Technology Group, Inc. Sponsored ADR (EDU.US) rose by over 3%.
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Guangdong Dtech Technology (01377): The Hong Kong public offering (excluding preferential allocation to overseas employees) was oversubscribed 354.64 times.

US Stock Market Move | Oil stocks generally rose, with Occidental Petroleum Corporation (OXY.US) rising by more than 5%.

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