Chinese technology stocks listed in the U.S. market closed mostly higher on Wednesday, with the Nasdaq Golden Dragon China Index climbing 2.07%. The broad-based advance reflected improving risk appetite among global investors toward Chinese equities.
Futu Holdings (FUTU) emerged as the top performer, surging more than 10% during the session. Video platform Bilibili (BILI) followed with a solid 5% gain, while e-commerce giants Alibaba (BABA), Pinduoduo (PDD), and JD.com (JD) all posted increases exceeding 2%. The rally spanned multiple sectors including fintech, digital entertainment, and online commerce.
The positive performance comes amid stabilizing macroeconomic indicators from China and reduced regulatory uncertainty surrounding the technology sector. Market participants noted particular interest in companies demonstrating resilient earnings growth potential despite broader economic headwinds.
Trading volumes appeared healthy across the board, with several names seeing above-average activity. The strong showing follows recent weeks of volatile trading in Chinese ADRs, suggesting some investors may be rebuilding positions in anticipation of improved fundamentals. Analysts cautioned, however, that geopolitical factors and currency fluctuations could still create near-term volatility for the sector.
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