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On October 29th, most popular Chinese concept stocks declined; New Oriental fell by over 12%, while BOSS Direct Hire fell by over 3%.
The Block
10-29 06:53
Ai Focus
On October 29th, most of the popular Chinese concept stocks declined, with the NASDAQ China Golden Dragon Index closing down 1.83%. New Oriental fell by more than 12%, and BOSS Direct Hire fell by over 3%; stocks such as TSMC, Alibaba, Baidu, and Li Auto rose. The three major U.S. stock indices closed higher, and the Federal Reserve maintained the interest rate target range between 3.75% and 4% unchanged.
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On October 29th, most of the popular Chinese concept stocks declined, with the NASDAQ China Golden Dragon Index ( HXC ) closing down 1.83%.

Upward-moving stocks (in descending order of market value): TSMC rose 0.60%, Alibaba rose 0.72%, UMC Semiconductor rose 4.42%, Baidu rose 1.57%, Li Auto rose 1.15%, NIO rose 0.91%, World Data rose 4.60%, Kingsoft Cloud rose 1.05, HSAI rose 3.60%, Nanmao Technology rose 2.56%, Dajian Cloud Warehouse rose 1.73%, Qijing Optoelectronics rose 0.59%, Zhongyang Finance rose 1.23, VISN rose 1.83, Wen远知行 rose 3.43, Yasheng Medicine rose 0.91%, Yuchai International rose 2.52%.

Declining stocks (in descending order of market value): Pinduoduo fell 1.19%, NetEase fell 1.44%, UMC fell 3.24%, China Telecom fell 0.78%, JD.com fell 0.47%, Ctrip fell 2.58%, Beike fell 1.70%, Zhongtong fell 1.50%, Futu Holdings fell 0.52%, Huazhu Hotel Group fell 3.16%, Tencent Music fell 1.88%, Manbang fell 4.04%, New Oriental fell 12.54, BOSS Zhipin fell 3.54%, VIP.com fell 1.57%, Bilibili fell 1.60%, China New City Rural fell 2.72%, Yadu Group fell 7.51%, Huanju fell 4.65%, Weiniu fell 0.54, Mingchuang Youpin fell 1.42, Autohome fell 0.84, NetEase Youdao fell 0.21, Pony.ai fell 0.39, Mistech fell 1.84, Century Internet fell 1.59, Doodle Intelligence fell 1.23, Wansheng Xinsheng fell 0.75, Yale Technology fell 0.36, iQiyi fell 0.45%.

U.S. stock market indexes closed higher across the board, with the S&P 500 index rising 0.28% to close at 7,743.98 points; the Nasdaq index rose 0.27% to close at 26,549.85 points. The Dow Jones Industrial Average increased by 97.53 points, or 0.19%, to close at 52,475.10 points.

The Federal Reserve maintained the interest rate target range between 3.75% and 4% unchanged. Traders had widely anticipated this move beforehand. According to CME Group's FedWatch tool, before the Wednesday meeting, futures trading on federal funds prices indicated that the probability of the central bank maintaining the current rate was close to 93%. Chairman Kevin Warsh stated in a press conference after the decision that, despite the pause in action, the central bank remains focused on "price stability," and the employment situation has been "quite positive."

List of Chinese concept stocks leading the gains:

List of Chinese concept stocks leading the decline:

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