2024-09-27
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on september 26, the three major u.s. stock indexes collectively opened higher, with the dow jones industrial average rising 0.56%, the nasdaq composite index rising 0.67%, and the s&p 500 index rising 0.56%.
the nasdaq china golden dragon index rose 8.80%. as of press time, tal was up 20.37%, gaotu was up 20.96%, new oriental was up 13.43%, beike was up 16.36%, yum china was up 18.6%, baidu was up 6.96%, bilibili was up over 11.17%, and jd.com was up 11.56%. alibaba rose 7.17% and pinduoduo rose 11.37%.
boosted by the favorable policy package in china, chinese asset etfs opened higher and expanded their gains. the 3x long ftse china etf-direxion rose by 25%, and the 2x long csi china internet stock etf-direxion rose by more than 24%. , 2 times long csi 300 etf-direxion, 2 times long ftse china 50 etf-proshares rose nearly 17%, kraneshares china overseas internet etf rose 12%, and china large cap etf-ishares rose more than 8%.