China Concept Stocks Index rises over 2.2%, CQQQ up 4.2%, GDS, JD.com, and VNET up over 5%, Alibaba up over 3%
The Nasdaq Golden Dragon China Index extended its gains to 2.22%.
Among popular Chinese concept stocks, Baozun rose 17.85%, GDS rose 5.75%, JD.com and VNET rose as much as 5.6%, Atour and Alibaba rose at least 3.6%, Canadian Solar rose 3.5%, Kingsoft Cloud rose 3%, Baidu, Daqo New Energy, NIO, Zai Lab, and Bilibili rose as much as 2.9%, while Yum China and XPeng are currently down 0.6%, Huazhu is down 0.9%, ZTO Express is down 3.1%, WeRide is down 4.3%, and Zhihu is down 6.3%.
Among ETFs, CQQQ rose 4.2%, KWEB rose more than 3.7%, ASHR rose 2%, and EMXC rose 1.7%.