US Stock Market Move | Hot Chinese concept stocks rise, Bilibili, Inc. Sponsored ADR Class Z (BILI.US) surged over 7%.

On Wednesday, the Nasdaq Golden Dragon Index in China surged by 2%, with popular Chinese concept stocks rising. Bilibili, Inc. Sponsored ADR Class Z (BILI.US) rose over 7%, Baidu Inc Sponsored ADR Class A (BIDU.US) rose over 6%, PDD Holdings Inc. Sponsored ADR Class A (PDD.US) rose over 3%, Alibaba Group Holding Limited Sponsored ADR (BABA.US), and JD.com, Inc. Sponsored ADR Class A (JD.US) rose over 2%. Additionally, Hong Kong stocks rebounded intraday, with the Hang Seng Technology Index rising over 1%. In terms of news, Bridgewater Investment Company stated that they remain bullish on Chinese stocks this year. Bridgewater's domestic private equity fund management company stated in a letter to investors in December last year that, following a significant rise in 2025, with improved corporate profit expectations, Chinese stocks "still have some attractiveness to a certain extent".