US Stocks Movement | Hot Chinese Stocks Rally Strongly with Baidu (BIDU.US) Soaring Over 12%

Stock News01-02 23:12

On Friday, the Nasdaq Golden Dragon China Index expanded its early-session gains to 4%, with popular US-listed Chinese stocks posting robust advances. Baidu (BIDU.US) surged more than 12%, GDS Holdings (GDS.US) jumped over 8%, NetEase (NTES.US) climbed more than 6%, Bilibili (BILI.US) rose nearly 6%, and Alibaba (BABA.US) gained over 4%.

Additionally, Hong Kong stocks kicked off 2026 with a strong start; the Hang Seng Index rose 2.76% intraday, while the Hang Seng Tech Index surged 4%. On the news front, the Renminbi maintained its recent strength during the morning of January 2, with the offshore yuan breaking through 6.97 against the US dollar, reaching a high of 6.96755—its strongest level since May 2023. This trend is conducive to attracting capital inflows and is favorable for Chinese assets.

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