U.S. stock market anomaly | The popular Chinese concept stocks have expanded their gains, with NIO (NIO.US) increasing by over 10%

According to the Securities Times APP, on Wednesday, popular Chinese concept stocks saw an increase in gains. NIO.US surged over 10%, CHA.US rose over 5%, MNSO.US and KC.US both rose over 4%, and BABA.US increased over 3%. In addition, the Hang Seng Index and A-shares continued to rebound during the day, with the Hang Seng Index closing up 0.6% and the Shanghai Composite Index closing up 0.42%. On the news front, expectations for a reserve requirement ratio cut have heated up again. An article on the front page of the China Securities Journal stated that if necessary, the People's Bank of China may further implement measures such as a reserve requirement ratio cut to release long-term liquidity, ensuring a reasonable and adequate level of liquidity for the second half of the year.