STOCKS | Chinese ADRs Trade Mixed on September 3 as Nasdaq Golden Dragon Index Falls 0.05%

Chinese ADRs traded mixed on September 3, with the Nasdaq Golden Dragon China Index (HXC) down 0.05%. According to Sina Finance, among the gainers by market value, Tencent Music rose 1.21%, China Xinnongcun rose 1.40%, Li Auto rose 0.92%, New Oriental rose 0.15%, Full Truck Alliance rose 1.41%, Silergy rose 2.17%, Chunghwa Telecom rose 0.56%, WSP Holdings rose 0.38%, JOYY rose 0.70%, Kingsoft Cloud rose 0.10%, Pony AI rose 0.14%, MINISO rose 0.63%, Himax Technologies rose 0.63%, Smoore rose 2.79%, WeRide rose 1.48%, Dmall rose 6.61%, Ascentage Pharma rose 3.57%, VISN rose 4.18%, Yuchai International rose 2.91%, Tuya Smart rose 1.64%, 360 DigiTech rose 2.03%, ATRenew rose 1.69%, and Atour Group rose 1.62%. Among the decliners by market value, TSMC fell 0.36%, Alibaba fell 0.92%, PDD Holdings fell 1.11%, ASE Technology Holding fell 0.94%, NetEase fell 0.50%, United Microelectronics fell 2.44%, JD.com fell 0.25%, Baidu fell 0.55%, Trip.com fell 0.48%, KE Holdings fell 1.13%, Futu Holdings fell 1.01%, ZTO Express fell 0.47%, Huazhu Group fell 0.49%, XPeng fell 0.81%, NIO fell 4.93%, BOSS Zhipin fell 1.42%, Bilibili fell 2.15%, Vipshop fell 0.61%, GDS Holdings fell 1.36%, Webull fell 1.42%, HSAI fell 1.13%, Autohome fell 0.77%, Nan Ya Technology fell 1.96%, Zhong Yang Financial fell 2.00%, NetEase Youdao fell 9.15%, and 21Vianet fell 2.41%. U.S. stocks closed broadly higher, while bond yields continued to climb and traders worried that rising oil prices would push up inflation. The Dow rose 0.56%, the S&P 500 rose 0.46%, and the Nasdaq rose 0.45%. Among major U.S. stocks, Dell rose 15.76%, U.S. Xpress fell 1.30%, CBRE Group Inc Class fell 1.65%, United Airlines rose 3.56%, Palo Alto Networks fell 9.28%, and PG&E fell 5.23%. In the Magnificent Seven, Nvidia rose 3.21%, Apple fell 0.05%, Tesla rose 0.26%, Meta Platforms rose 2.47%, Alphabet rose 0.53%, Amazon rose 0.02%, and Microsoft fell 0.84%.