Published: Monday, November 11, 2024 · 9:52 PM | Updated: Monday, November 11, 2024 · 9:52 PM
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Chinese stocks displayed mixed results on Monday. The Nasdaq Golden Dragon China Index (HXC) rose 0.59%. Key gainers included ZEEKR, which surged 14.22%, and WeRide, which soared 44.97%. Other notable performers were Futu Holdings (FUTU) with a 7.83% increase and XPeng Motors (XPEV) which climbed 5.59%.
On the other hand, significant decliners included Taiwan Semiconductor Manufacturing Company (TSM, Financial), which fell 3.55%, and United Microelectronics Corporation (UMC), down 2.37%. Pinduoduo (PDD) and Baidu (BIDU) also saw slight declines of 0.56% and 0.76%, respectively.
Overall, U.S. markets closed higher, marking the fifth consecutive gain for the three major indexes, with the Dow Jones Industrial Average making history by closing above 44,000 for the first time. The S&P 500 also crossed the 6,000 mark, and Bitcoin surged past $87,000. Investors are keeping an eye on the composition of the next U.S. government and the Federal Reserve’s monetary policy outlook.
The Dow climbed 304.14 points, or 0.69%, to settle at 44,293.13. The Nasdaq added 11.99 points, or 0.06%, reaching 19,298.76. The S&P 500 increased by 5.81 points, or 0.10%, closing at 6,001.35. Meanwhile, the Russell 2000 index of small-cap stocks rose 36.93 points, or 1.54%, to 2,436.57.
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