US Stocks Movement | Popular Chinese Stocks Surge, New Oriental (EDU.US) Up Over 8%

Stock News
Oct 15

On Wednesday, the Nasdaq China Golden Dragon Index rose by 2.25%, with popular Chinese stocks collectively strengthening. New Oriental (EDU.US) increased by over 8%, TAL Education (TAL.US) by more than 6%, WeRide (WRD.US) by over 5%, Tiger Brokers (TIGR.US) by over 4%, and Alibaba (BABA.US) by more than 2%. Additionally, the Shanghai Composite Index rose by 1.22%, while the Hang Seng Index climbed by 1.84%. On the news front, according to reports, industry insiders state that given the recent increase in external environment volatility, it is expected that the central bank will place more emphasis on maintaining ample market liquidity to stabilize market expectations. Analysts anticipate that the central bank may implement a new round of reserve requirement ratio cuts in the fourth quarter.

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