On October 27, most popular Chinese concept stocks rose;贝壳上涨 over 3%, Futu rose over 2%, and Pinduoduo fell over 1%.
The Block
1h ago
Ai Focus
On October 27th, most of the popular Chinese concept stocks rose, with the NASDAQ China Golden Dragon Index closing up 0.63%. Beike, Futu, Yaduo Group, and HSAI led the gains, while Pinduoduo, iQiyi, and Weiniu saw declines. U.S. stocks generally moved higher on Monday, and market enthusiasm for artificial intelligence trading, driven by Anthropic submitting IPO documents, increased, leading to rises in chip stocks and other AI related stocks.
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On October 27th, most of the popular Chinese concept stocks rose in value, with the NASDAQ China Golden Dragon Index ( HXC ) closing up 0.63%.

Upward-moving stocks (in descending order of market value): TSMC rose 1.40%, Alibaba rose 0.61%, UMC Semiconductor rose 3.15%, United Microelectronics rose 1.54%, Baidu rose 0.84%, Ctrip rose 0.33%, Beike rose 3.10%, Zhongtong rose 0.65%, Huazhu Hotel Group rose 2.42%, Futu Holdings rose 2.17%, Manbang rose 0.72, BOSS Zhipin rose 1.22%, Huirong Technology rose 0.96, Vipshop rose 0.72, WSP Holdings rose 0.59%, WanGuo Data rose 2.54, Yaduo Group rose 3.62, Kingsoft Cloud rose 2.18, Autohome rose 0.20, NetEase Youdao rose 0.47, HSAI rose 4.27, Dajian Yuncang rose 1.99, Mistech rose 2.48%.

Declining stocks (in descending order of market value): Pinduoduo fell 1.15%, NetEase fell 0.24%, China Telecom fell 0.76%, JD.com fell 0.47%, Tencent Music fell 0.35%, Li Auto fell 0.35%, New Oriental fell 0.05%, Xpeng Motors fell 0.98%, NIO fell 0.91%, Bilibili fell 1.04%, China New Town Rural fell 3.94%, Huanyu fell 0.43, Mingchuang Youpin fell 0.60%, Weiniu fell 3.19, Pony.ai fell 1.75%, Zhongyang Finance fell 0.26, Tuocha Intelligence fell 0.61%, iQiyi fell 4.80%.

U.S. stocks rose on Monday. Previously, Anthropic submitted the IPO document, which reignited market enthusiasm for artificial intelligence trading, and semiconductor manufacturers' stock prices soared as a result. The Dow Jones Industrial Average rose by 146.36 points, an increase of 0.28%. The S&P 500 Index rose by 0.7%, and the Nasdaq Composite Index rose by 0.82%.

After Anthropic publicly submitted the application for IPO, chip stocks and other AI-related stocks rose. Investors are betting that this issuance will inject new vitality into the weak tech sector. The AI company, which develops Claude, reported revenue of $16.29 billion for the six months ending June, a 1304% increase from $1.16 billion in the same period last year. The company plans to list on NASDAQ, with the stock code " ANT ".

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