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Kingsoft Cloud Holdings Ltd. (KC) Ends Trading Week Defying Market Bloodbath
Overnight news: US stocks closed lower, Chinese concept stocks broadly declined, large Technology stocks faced sell-offs, Google reported unstable morale, the South Korean won fell for five consecutive weeks, and the USA is closely monitoring the politica
To view more global financial News, please visit the 24/7 real-time financial news. Market Close: U.S. stocks closed lower on Friday, with major Technology stocks falling broadly. All three major indices recorded gains this week. On December 27, the top 20 U.S. stock transaction volumes showed that several domestic automotive companies launched price reduction promotion strategies, with Tesla dropping nearly 5%. On Friday, popular China Concept Stocks fell broadly, with NIO and Xpeng down over 4%, JD.com down over 3%, and Kingsoft Cloud rising over 23%. Crude Oil Product: Oil prices are rising towards the end of the year, and the market is focusing on risks in 2025. Gold futures in New York fell nearly 0.7% on Friday, reporting at $2635.70 per ounce. Major European stock indices collectively rose, with the German DAX30 Index up 0.6.
Kingsoft Cloud Soars 20%: AI Momentum Propels 226% YTD Surge
Amedisys, Rigetti Computing And Other Big Stocks Moving Higher On Friday
U.S. stocks moving | It is reported that Xiaomi will invest heavily in AI large models, Kingsoft Cloud (KC.US) pre-market rose by more than 15%.
On Friday, Kingsoft Cloud (KC.US) rose over 15% in pre-market trading, reaching $11.80.
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