US Stock Market Move | Most popular Chinese concept stocks rose, Tencent ADR (TCEHY.US) surged over 9%

On Tuesday, the Nasdaq Golden Dragon China Index continued to rise in the morning session, with most popular Chinese concept stocks rising. NIO Inc. Sponsored ADR Class A (NIO.US) surged over 10% after its results, Tencent ADR (TCEHY.US) rose over 9%, GDS Holdings Ltd. Sponsored ADR Class A (GDS.US) rose nearly 7%, Baidu Inc Sponsored ADR Class A (BIDU.US) rose nearly 4%, and Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose over 3%. In addition, Hong Kong stocks continued to rebound during the day, with the Hang Seng Index rising over 2% and the Hang Seng Technology Index rising 2.4%. On the news front, on the 9th local time, Trump said in a press conference that due to the market turmoil caused by the US and Israel's attacks on Iran, he will cancel some oil-related sanctions to stabilize oil prices. He also said that military action will end "soon," but not this week. In addition, recently, there has been a surge in the "raising lobsters" trend in the AI field. Many technology giants have launched one-click deployment capabilities and similar products. Industrial believes that the emergence of phenomenal products is effectively driving up the prosperity of the AI industry, and domestic large models with higher cost performance continue to stand out, which is expected to drive demand for computing power and further promote the positive cycle of AI popularization. It is recommended to continue to increase investment in the sector.