US Stock Market Move | Popular Chinese concept stocks rose broadly, with Bilibili, Inc. Sponsored ADR Class Z (BILI.US) up nearly 8%.

On Monday, the Nasdaq Golden Dragon China Index rose more than 3%, with popular Chinese concept stocks rising broadly. Bilibili, Inc. Sponsored ADR Class Z (BILI.US) and XPeng Inc. (XPEV.US) gained nearly 8%, Alibaba Group Holding Limited Sponsored ADR (BABA.US) and PDD Holdings Inc. Sponsored ADR Class A (PDD.US) rose more than 5%, KINGSOFT CLOUD (KC.US) rose 5%, and Chagee Holdings Limited (CHA.US) and Hesai Group (HSAI.US) gained more than 4%. The three major US stock indices all rose during intraday trading, with the Dow up 1.22%, the Nasdaq up 1.33%, and the S&P 500 up 1.04%.