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US Stocks Movement | Popular Chinese ADRs Rise, Bilibili (BILI.US) Surges Over 7%

Stock News01-21 23:08

On Wednesday, the Nasdaq Golden Dragon China Index surged by 2%, with popular US-listed Chinese stocks climbing higher. Bilibili Inc. (BILI.US) led the gains, soaring more than 7%, while Baidu (BIDU.US) advanced over 6%. PDD Holdings Inc (PDD.US) rose more than 3%, and both Alibaba (BABA.US) and JD.com (JD.US) increased over 2%.

Additionally, Hong Kong stocks rebounded during the day, with the Hang Seng Tech Index rising more than 1%. In terms of market sentiment, investment firm Bridgewater Associates expressed continued optimism towards Chinese equities for the current year.

In a letter to investors dated December last year, Bridgewater's onshore private fund management company in China stated that, following a significant surge in 2025, Chinese stocks "remain somewhat attractive" as corporate earnings expectations improve.

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