On Tuesday local time, the three major US stock indices collectively closed higher. Last night, China announced that it would issue an additional 100 billion yuan of treasury bond in 2023. Research institutions believe that this is significant to stabilize growth. Stimulated by the news, popular Chinese concept stocks surged one after another. The Nasdaq China Golden Dragon Index rose 3.98%, outperforming the US stock market for two consecutive days. Xiaopeng Automobile rose by over 10%, Ideal Automobile and Bilibili rose by over 7%, NIO and Weibo rose by over 6%, Tencent Music, iQiyi, and NetEase rose by over 5%, Man Bang and Pinduoduo rose by about 4%, Futu Holdings and Baidu rose by over 3%, Alibaba rose by over 2%, JD.com rose by over 1%, and Vipshop rose slightly.