Express News | The Nasdaq China Golden Dragon Index rose by 1.54%, Kingsoft Cloud rose by nearly 15%, Bilibili rose by 5.8%, iQiyi rose by 5.3%, Xpeng rose by 4.5%, and Gaotu Techedu rose by 3.7%.
Express News | China concept stocks and China assets ETF strengthened in the night session, with a more than 5% increase in the 3x long FTSE China ETF. Xpeng, IQiyi rose more than 4%, Zeekr, Nio Inc rose nearly 4%, Baidu, Bilibili, Alibaba rose more than 2%.
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Express News | shifeng cultural development has reached a strategic cooperation agreement with lingyouzhixue.
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US stocks closed: The three major indexes collectively fell, with technology stocks generally down and nvidia falling nearly 3%.
①Dow Jones, S&P fell nearly 1%, Nasdaq fell 1.6%; ②Large technology stocks all declined, nvidia fell nearly 3%; ③Tesla's third-quarter adjusted earnings per share exceeded expectations, soaring over 9% after-hours; ④Apple's spring new products exposed, including M4 version of MacBook Air, new iPad Air, and iPhone SE.
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China's assets across the board are booming! The Golden Dragon Index is surging strongly, pdd holdings once soared by more than 8%, how do foreign giants view this?
Regarding the future outlook for Chinese assets, the expectations of foreign giants are becoming increasingly bullish. Deutsche Bank stated in its latest research report that the current rebound in the Chinese stock market is not just a short-term short covering, but a trend change. Deutsche Bank analyst Peter Milliken believes that with the influx of global funds and the restoration of investor confidence, combined with relatively low valuations, the Hong Kong stock market is expected to see a strong bull market.
Stock surged by over 10%, iqiyi will launch the gold VIP family card service next month.
On the news front, iqiyi announced that it will officially launch the gold VIP family card service on November 12. At that time, iqiyi Gold VIP members can add an extra new Gold VIP member account for an additional 8 yuan in the first month; from the second month onwards, the main account can renew the Gold VIP family card package at a discounted price of 33 yuan, which includes the main account's 25 yuan/month Gold VIP continuous monthly card benefits and the family account's 8 yuan/month Gold VIP continuous monthly card benefits.
U.S. stock market anomaly | Most popular China concept stocks are rising, with the Nasdaq China Golden Dragon Index up more than 2%.
On Tuesday, nasdaq China Golden Dragon Index rose more than 2%, with most china concept stocks trending higher.
U.S. stocks anomaly | Will launch gold VIP family card service next month. iqiyi (IQ.US) rose nearly 10%.
On Tuesday, iqiyi (IQ.US) surged rapidly, up 9.75% as of the time of writing, trading at $2.645.
Express News | iqiyi launches a Family Card: Add 8 RMB to open an additional member account.