On November 27th, local time, the US stock market closed with popular Chinese concept stocks collectively rising. The Nasdaq China Golden Dragon Index closed up 2.81%, Gaotu rose 15%, iQiyi rose over 8%, Ideal Auto rose over 6%, Youdao and JD.com rose over 5%, Xiaopeng Motors, Bilibili, Tencent Music rose over 4%, and Alibaba, Baidu, and NIO rose over 1%.