US Stock Market Move | Popular Chinese concept stocks mostly fell, Xiaopeng Motors (XPEV.US) fell more than 5%.
On Tuesday, the Nasdaq Golden Dragon China Index fell more than 2%, with most popular Chinese concept stocks also declining.
On Tuesday, the Nasdaq Golden Dragon Index in China dropped by over 2%, with most popular Chinese concept stocks falling. Alibaba Group Holding Limited Sponsored ADR (BABA.US), Li Auto, Inc. Sponsored ADR Class A (LI.US) dropped by over 2%, and XPeng Inc. (XPEV.US) dropped by over 5%. In addition, the Hong Kong stock index fluctuated lower throughout the day, with the Hang Seng Index falling by 1.4% and the Hang Seng Tech Index falling by 2.24%. With the significant easing of political tail risk in GEO Group Inc, Kevin Wash stepped onto the stage and will host his first Federal Reserve interest rate meeting on June 16-17. The background of his first appearance is extremely challenging: inflation remains stubborn, energy prices are uncertain, and investors are betting that the Federal Reserve may have to raise rates before December.
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Jack Technology (603337.SH) granted 670.33 million restricted stocks to 302 incentive recipients.
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