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US stock market closing: the three major Indexes all fell while Chinese concept stocks rose significantly, with Hesai Technology soaring over 50%.
① All three major Indexes closed lower, with the Dow falling more than 1%; ② Hesai Technology surged over 50%, reportedly supplying Lidar Sensors to Mercedes; ③ China Concept Stocks generally rose, with the Nasdaq Golden Dragon China Index increasing by nearly 3%.
U.S. stocks closed: recession concerns severely impacted the market, with all three major Indexes dropping over 2%, and the Nasdaq plummeting 4%.
① All three major Indexes dropped over 2%, with the Nasdaq plummeting 4%; ② Technology stocks collectively fell, with Tesla dropping over 15%; ③ China Concept Stocks fell across the board, with the Nasdaq China Golden Dragon Index dropping 3.59%.
Shares of Chinese Stocks Are Trading Lower Amid US Tariffs.
Better content reserves + smooth progress in micro-drama/short-drama business. Goldman Sachs is Bullish on iQIYI (IQ.US) for another 8% increase.
Goldman Sachs maintains a "Neutral" stock rating on iQIYI, with a 12-month Target Price of $2.50. This Target Price represents an increase of nearly 8% compared to iQIYI's closing price on the US stock market on March 6.
China's Two Sessions: Key Takeaways on Stock Price Movements Before and After the Meetings
Express News | CORRECTION: Shares Of Chinese Stocks Are Lower
