US Stock Market Move | Popular Chinese concept stocks collectively strengthen, HeSai (HSAI.US) rises more than 11%.

On Tuesday, the Nasdaq Golden Dragon Index rose nearly 3% in early trading, with popular Chinese concept stocks collectively strengthening. HSAI.US rose over 11%, Alibaba Group Holding Limited Sponsored ADR (BABA.US) and Li Auto, Inc. Sponsored ADR Class A (LI.US) rose over 6%, JD.com, Inc. Sponsored ADR Class A (JD.US) and Baidu Inc Sponsored ADR Class A (BIDU.US) rose over 5%, and Bilibili, Inc. Sponsored ADR Class Z (BILI.US) rose over 3%. In addition, the Shanghai Composite Index closed up 0.43% on the day, the Hang Seng Index rose 2.52%, and the Hang Seng Technology Index surged 4.72%. On the news front, on June 2nd, UBS Group AG's China head of global financial markets, Fang Dongming, stated at the recent UBS Group AG AIC Asia Investment Forum that global investors' enthusiasm for investing in Asia, especially China, continues to rise. The trend of global investors increasing their holdings of Chinese assets has just begun, and foreign ownership of Chinese assets is expected to surpass the relative high of 2021 and continue to grow. There are four main reasons driving this trend. First, at the macro level, the Chinese economy continues to stabilize and improve, with positive signals such as recent price increases providing momentum. Second, at the policy level, the country's policy tone towards the capital market and industry has become more positive. Third, at the corporate profit level, overall profitability continues to improve. Fourth, in the geopolitical environment, global investors increasingly seek diversification strategies, and China, as the world's second-largest economy and second-largest capital market, is the preferred market for overseas investors.