---
title: "The Science and Technology Index (科指) continued to rise by 2%. Alibaba, MEITUAN-WR, Bilibili, NIO-SW, XPENG-W, and BIDU-SWR continued to rise by over 3% to 4%."
description: "The NASDAQ Composite Index has continued to rise, with Microsoft and Nvidia reaching new all-time highs. Chinese concept stocks have performed strongly, with the Golden Dragon China Index surging. The"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/102853208.md"
published_at: "2023-11-21T02:14:36.000Z"
---

# The Science and Technology Index (科指) continued to rise by 2%. Alibaba, MEITUAN-WR, Bilibili, NIO-SW, XPENG-W, and BIDU-SWR continued to rise by over 3% to 4%.

> The NASDAQ Composite Index has continued to rise, with Microsoft and Nvidia reaching new all-time highs. Chinese concept stocks have performed strongly, with the Golden Dragon China Index surging. The Hang Seng Tech Index has rebounded to a three-month high, with stocks such as BIDU-SWR, Alibaba, Weibo, JD-SWR, and MEITUAN-WR continuing to rise. NIO-SW and XPENG-W have performed well, while XIAOMI-W has reported a quarterly loss. Stocks in the mobile and other device sectors have declined under pressure. Overall, the technology sector has performed well, and the stock market trend is positive.

The Nasdaq rose for the fifth consecutive day, outperforming the blue-chip index. Last night (20th), Microsoft (MSFT.US) and Nvidia (NVDA.US) both hit record highs, with the Nasdaq closing up 1.1% at 14,284, reaching a three-month high. In addition, the Golden Dragon China Index, which reflects the performance of Chinese concept stocks, surged 3.55% overnight. The Hang Seng Index also reached a three-month high yesterday, with the Hang Seng Tech Index rising 2.4% to close at 4,077, crossing the 250-day moving average. This morning (21st), it opened nearly 1.5% higher at 4,137, with the increase expanding to nearly 2% at a high of 4,157 before encountering resistance. It is currently trading at 4,125, up 1.2%. Nearly two-thirds of the Hang Seng Tech Index constituents performed well, with Baidu-SW (09888.HK), which was released today, rebounding and crossing the 10-day and 20-day moving averages, reaching a high of HKD 110.4, and currently trading at HKD 109, up 4.3%. Alibaba-SW (09988.HK) reached a high of HKD 77.5 and is currently trading at HKD 77.05, up 3.5%. Weibo-SW (09898.HK), JD.com-SW (09618.HK), and Meituan-W (03690.HK) continued to rise by 2% to 4%, with the latter outperforming and trading at HKD 113.4. Tencent (00700.HK), a heavyweight stock, continued its upward momentum from yesterday and challenged the 250-day moving average (approximately HKD 332.15) this morning. It reached a high of HKD 332.6 before encountering resistance and is currently trading at HKD 329.8, up 1%. Bilibili-W (09626.HK) crossed the 10-day moving average, reaching a high of HKD 115.5 (temporarily affected by the 100-day moving average of HKD 116.5), and is currently trading at HKD 114.8, up 4.4%. Kuaishou-W (01024.HK) crossed the 100-day moving average, reaching a high of HKD 62.25, and is currently trading at HKD 61.4, up over 2%. "Weilittle" continued to rise by over 2% to 4%, with NIO-SW (09866.HK) and Xiaopeng-W (09868.HK) showing larger gains, reaching highs of HKD 62.5 and HKD 73.2, respectively. They are currently trading at HKD 62.2 and HKD 71.75, up 4.4% to 4.8%. However, stocks in the mobile device sector were under pressure, with Sunwoda (02382.HK) and BYD Electronics (00285.HK) both falling by 1% and 0.9% respectively, trading at HKD 72.45 and HKD 37.45. Lenovo Group (00992.HK) fluctuated and fell by 1.3% to HKD 9.73. Xiaomi-W (01810.HK) reported a year-on-year loss for the last quarter, with adjusted net profit of nearly RMB 6 billion, exceeding expectations. However, investors took advantage of the good news to sell, with the stock reaching a high of HKD 16.44 before encountering resistance, turning around and falling below the 10-day moving average, reaching a low of HKD 15.68, and currently trading at HKD 15.9, down 1.7%. (sz/da)

### Related Stocks

- [09988.HK - BABA-W](https://longbridge.com/en/quote/09988.HK.md)
- [89888.HK - BIDU-SWR](https://longbridge.com/en/quote/89888.HK.md)
- [09868.HK - XPENG-W](https://longbridge.com/en/quote/09868.HK.md)
- [NIO.SG - NIO Inc. USD OV](https://longbridge.com/en/quote/NIO.SG.md)
- [03690.HK - MEITUAN](https://longbridge.com/en/quote/03690.HK.md)
- [BABA.US - Alibaba](https://longbridge.com/en/quote/BABA.US.md)
- [XPEV.US - XPeng](https://longbridge.com/en/quote/XPEV.US.md)
- [09888.HK - BIDU-SW](https://longbridge.com/en/quote/09888.HK.md)
- [NIO.US - NIO](https://longbridge.com/en/quote/NIO.US.md)
- [09866.HK - NIO-SW](https://longbridge.com/en/quote/09866.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.
