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PDD Holdings Newsroom
"China Dragon" ETF landed on Wall Street as the bull market returns, benchmarking the seven major ETFs in the US.
A new ETF called DRAG, "China Dragon", tracking the performance of major Chinese companies has landed on the US stock market. Its components currently include Tencent, Pinduoduo, Alibaba, Meituan, BYD, Xiaomi, JD.com, Baidu, and Netease. DRAG aims to track an equally weighted basket of stocks composed of the 5 to 10 largest and most innovative Chinese technology companies. This ETF will be rebalanced quarterly.
"Bull market leader" sends a heavy signal, market optimism continues to rise! Is a major trend about to emerge?
The brokerage sector has always been a barometer of bull markets. Today, brokerage stocks once again surged across the board, indicating that the market still holds a generally optimistic outlook for the future performance of the Hong Kong stock market.
U.S. stock market morning session | September non-farm payroll data far exceeded expectations, with the three major indices opening higher before falling back slightly; most technology stocks rose, with AMD, tesla, and amazon up more than 2%.
As of press time, the Dow rose by 0.63%, the Nasdaq rose by 1.03%, and the s&p 500 index rose by 0.68%.
Shares of US-listed Chinese Stocks Are Trading Higher as the Sector Rebounds Following Thursday's Selloff. Strength May Be Due to the Recent Stimulus Package and the Golden Week Holidays.
US stock market outlook: US September non-farm data higher than expected! Three major futures indicators surge in a straight line; will Chinese concept stocks continue to climb? Morgan Stanley: If short positions cover, it will push up the upward trend.
Bank of America: China stock fund saw the second highest inflow scale in history in the past week; European Central Bank Governing Council: inflation is under control, concerns arise as labor market cools down; spirit airlines plunged 33% before the market, the company is discussing potential bankruptcy application terms.
PDD Holdings (NASDAQ:PDD) Knows How To Allocate Capital Effectively
DBS Maintains PDD Holdings(PDD.US) With Buy Rating, Raises Target Price to $181
Hong Kong stocks become the "hottest" stock market in the world! The Hang Seng Index has risen nearly 40% so far this year, with brokerage stocks surging sixfold in five days. How will the future market evolve?
It is noteworthy that brokerage stocks, as the vanguards of the bull market, play the role of "front-runners" in this current uptrend. Moreover, Chinese-affiliated brokerage stocks in the Hong Kong market have shown astonishing increases, indicated by the gains over the past five trading days.
Express News | Ishares MSCI China ETF up 4.6%, Ishares China Large Cap ETF up 4.1%, Kraneshares CSI China Internet ETF up 4.8%
Express News | JD.com up 5.8%, Li Auto up 5.4%, NIO up 3.7%, Xpeng up 4%
Express News | Alibaba up 4%, PDD Holdings up 3.8%, NetEase up 2.5%, Baidu up 4%
Express News | U.S.-Listed Shares of Chinese Firms Rise Premarket as Hong Kong Stocks Close up Nearly 3%
Futu Morning Post | Fund managers are entering the Chinese stock market at a record speed! The 'China Dragon' ETF lands in the US stock market; foreign capital accelerates its positions! Morgan Stanley increases its shareholding in BYD and other companies
The size of the USA money market fund has reached a record $6.46 trillion; Biden's vague stance has sparked an energy storm, causing international oil prices to soar by over 5%; just after raising funds, OpenAI secured a $4 billion credit line, with liquid assets exceeding over $10 billion.
PDD Holdings Options Spot-On: On October 3rd, 282.91K Contracts Were Traded, With 1.92 Million Open Interest
On October 3rd ET, $PDD Holdings(PDD.US)$ had active options trading, with a total trading volume of 282.91K options for the day, of which put options accounted for 46.07% of the total transactions,
Unusual Options Activity: SOFI, KKR and Others Attract Market Bets, SOFI V/OI Ratio Reaches 230.8
EST Oct 3rd Closing Delivery - In the last three hours of trading, 10 options with a high V/OI ratio were detected. With the market volatile, it's crucial to stay informed on the latest options
Check Out What Whales Are Doing With PDD
10 Consumer Discretionary Stocks Whale Activity In Today's Session
HSBC Maintains PDD Holdings(PDD.US) With Buy Rating, Cuts Target Price to $183
Express News | Ishares MSCI China ETF Down 3.9%, Ishares China Large Cap ETF Down 3.8%, Kraneshares CSI China Internet ETF Down 4.8%
Express News | JD.com Down 4%, Li Auto Down 4.2%, NIO Down 4.3%, Xpeng Down 3.5%