U.S. stocks surge | popular Chinese concept stocks collectively rise, Da Tree Cloud (DSY.US) soars 200%
According to the Wisdom Financial APP, on Tuesday, the Nasdaq China Golden Dragon Index rose by 1.4%, with popular Chinese concept stocks collectively rising. DaSuch as Treen Cloud (DSY.US) surged by 200%, Kingsoft Cloud (KC.US) surged by 15%, Bilibili (BILI.US) rose by over 7%, Weibo (WB.US) rose by over 6%, and Alibaba (BABA.US) rose by over 3%. In addition, the Hang Seng Index rose by over 1% intraday, breaking through the 26000-point mark at one point. In terms of news, Robomai Fund emphasized in its market outlook for August that in the medium term, Chinese assets are still under-allocated globally, with new sources of energy (high-end manufacturing, digital economy, green transformation) emerging constantly. Decision-makers continue to introduce policies to support the high-quality development of the capital market, in addition to loose liquidity. The attractiveness of A shares to foreign investors and long-term funds is constantly growing.
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