US stocks unusual move | Most popular Chinese concept stocks are up, Baidu (BIDU.US) rises nearly 10%

According to the "Smart Finance and Economics" app, on Wednesday, the Nasdaq Golden Dragon Index rose by more than 2%, with many popular Chinese concept stocks increasing. Baidu (BIDU.US) rose nearly 10%, Alibaba (BABA.US) rose over 6%, Futu Holdings (FUTU.US) rose over 4%, Pinduoduo (PDD.US) and Bilibili (BILI.US) rose over 3%, and JD.com (JD.US) rose over 2%. In addition, the Shanghai Composite Index rose by 1.17% on the day, while the Hang Seng Index rose by 1.22%.