US Stock Market Move | Popular Chinese concept stocks rose broadly, with Alibaba Group Holding Limited Sponsored ADR (BABA.US) gaining more than 4%.
Popular Chinese concept stocks rose broadly, with Kingsoft Cloud (KC.US) gaining more than 5% and Alibaba (BABA.US) gaining more than 4%.
On Friday, the Nasdaq Golden Dragon China Index rose nearly 1%, with popular Chinese concept stocks broadly gaining. KINGSOFT CLOUD (KC.US) rose over 5%, Alibaba Group Holding Limited Sponsored ADR (BABA.US) rose over 4%, Bilibili, Inc. Sponsored ADR Class Z (BILI.US) rose nearly 4%, and GDS Holdings Ltd. Sponsored ADR Class A (GDS.US) and VNET Group, Inc. Sponsored ADR (VNET.US) rose over 3%.
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WEB3 META (08093) issues profit warning, expects annual loss attributable to shareholders of approximately HK$29 million to HK$31 million
CHINA ECOTOUR (01371) issues a positive profit alert, expecting annual profit attributable to shareholders of approximately HK$95 million to HK$105 million, turning from loss to profit year-on-year.
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