The Nasdaq Golden Dragon China Index (HXC) closed up 0.21% on November 4 as Chinese ADRs posted mixed moves. According to Sina Finance, JD.com rose 2.32%, while PDD Holdings and Alibaba fell 1.85% and 1.12%, respectively. Among other stocks, iQIYI gained 2.70%, while Kingsoft Cloud and GigaCloud Technology fell 4.16% and 4.77%, respectively. The Nasdaq Composite rose 0.8% on Tuesday, recovering some recent losses, while the Nasdaq 100 gained 0.7% but remained about 10% below its recent high. The S&P 500 advanced 0.4%, while the Dow fell nearly 200 points, or 0.4%, weighed down by Apple shares. Investors bought key technology stocks after recent pressure and prepared for the U.S. midterm election results.
