On Wednesday Eastern Time, the three major US stock indices closed with mixed gains and losses. As of the close, the Dow Jones Industrial Average rose 0.09%, the Nasdaq fell 0.30%, and the S&P 500 index fell 0.16%. The Federal Reserve's "Beige Book" shows that the number of regions with stable or declining economic activity has increased to 9.
On Wednesday, popular Chinese concept stocks fluctuated, with the Nasdaq China Golden Dragon Index (HXC) closing down 0.07%.
Pinduoduo fell more than 5%. On September 2nd, Pinduoduo released an updated public notice on the "Ten Billion Subsidy" activity rules. According to the notification, the activity admission regulations indicate that if the price of the activity product reported by the merchant exceeds the price of the same product in other activities, the merchant agrees to sell the activity product at the price of other activities, that is, the merchant authorizes the platform to automatically match the price of the activity product. If the merchant enables the automatic price matching function, the platform also has the right to execute price adjustments based on the merchant's authorization under the automatic price matching function.
In terms of other stocks, among the rising stocks, TSMC rose 0.19%, Alibaba rose 0.22%, NetEase rose 2.04%, JD.com rose 0.49%, Ctrip rose 0.04%, UMC rose 0.97%, BeiGene rose 0.21%, Sun Moon Semiconductor rose 1.15%, Beike rose 0.37%, Tencent Music rose 1.11%, NIO rose 2.17%, Xiaopeng Motors rose 0.84%, and Bilibili rose 2.87%. Among the falling stocks, China Telecom fell 0.23%, Baidu fell 1.23%, Ideal Auto fell 1.13%, Zhongtong fell 2.05%, New Oriental fell 0.63%, Huazhu Hotel Group fell 0.63%, Futu Holdings fell 2.65%, Manbang fell 1.53%, Vipshop fell 0.16%, WSP Holdings fell 0.94%, BOSS Zhipin fell 0.65%, and Miniso fell 1.11%.
List of leading Chinese concept stocks:
List of Chinese concept stocks leading the decline: