March 13 Popular Chinese Stocks Mostly Decline; XPeng Inc. Up 3.55%, TSMC Down 5%

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On March 13, most popular Chinese concept stocks declined, with the NASDAQ Golden Dragon China Index (HXC) down 1.02%.

Among the stocks that rose (by market cap from high to low), NetEase increased by 0.88%, Tencent Music by 2.47%, XPeng Motors by 3.55%, NIO by 1.19%, China New Town Rural by 4.47%, Kingsoft Cloud by 0.07%, Huashi Media by 0.11%, and Joyy by 0.11%.

Among the stocks that fell (by market cap from high to low), TSMC dropped 5.00%, Alibaba fell 1.52%, Pinduoduo declined 1.28%, Sunlight Semiconductor fell 4.11%, Baidu dropped 1.59%, JD.com declined 0.60%, Ctrip fell 0.33%, Chunghwa Telecom declined 0.51%, UMC dropped 3.56%, Futu Holdings fell 6.31%, KE Holdings declined 3.49%, Li Auto dropped 2.52%, Zhongtong Express declined 0.53%, Huazhu Hotels Group fell 1.65%, Bilibili declined 2.43%, Manbang fell 1.59%, GDS Holdings declined 2.04%, New Oriental dropped 0.67%, Vipshop declined 1.44%, BOSS Zhipin fell 1.74%, WSP Holdings declined 1.46%, Pony.ai dropped 4.73%, Miniso declined 0.77%, Zhitong Bio fell 5.43%, Atour Group declined 4.60%, WiseRong Technology fell 2.86%, Century Internet declined 5.20%, WeBull dropped 3.47%.

U.S. stocks closed sharply lower on Thursday. The Dow fell over 700 points, breaking below 47,000, hitting a new low for the year. Attacks on oil tankers and Iran’s warnings about continuing to close the Strait of Hormuz shattered prospects for easing Middle East tensions. Rising oil prices further fueled inflation concerns and quickly diminished hopes for a Federal Reserve rate cut.

The Dow dropped 739.42 points, a 1.56% decline, to 46,677.85; the Nasdaq fell 404.16 points, a 1.78% decrease, to 22,311.98; the S&P 500 declined 103.22 points, a 1.52% drop, to 6,672.58.

List of leading Chinese concept stocks:

List of lagging Chinese concept stocks:

(Screenshot from Sina Finance APP Market - U.S. Stocks - Popular Chinese Concept Stock Sectors) Download Sina Finance APP

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Editor: Zhang Jun SF065

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