US Stock Market Move | Popular Chinese concept stocks rise against the market trend. XPeng, Inc. ADR Sponsored Class A (XPEV.US) rose more than 8%.

On Friday, the Nasdaq Golden Dragon Index rose more than 1%, with popular Chinese concept stocks rising against the market trend. XPeng, Inc. ADR Sponsored Class A (XPEV.US) surged over 8%, Bilibili, Inc. Sponsored ADR Class Z (BILI.US) rose nearly 5%, Li Auto, Inc. Sponsored ADR Class A (LI.US) surged over 3%, JD.com, Inc. Sponsored ADR Class A (JD.US), and Futu Holdings Ltd. Sponsored ADR Class A (FUTU.US) each rose more than 2%. In terms of news, according to Reuters, U.S. President Trump stated on Thursday that he very much wants to reach an agreement with China to end the ongoing trade war. Trump made the above remarks during an open media session at a cabinet meeting. U.S. Treasury Secretary Steven Mnuchin stated at the meeting that with agreements reached with various countries, trade policies will become more certain.