Most Chinese stocks in the US stock market rose

2025-08-25 21:58:31

Most Chinese concept stocks in the US stock market rose. Alibaba rose 2.9%, Pinduoduo rose 4.3%, NetEase rose 4.6%, Baidu rose 3.5%. JD.com rose 1.7%, Li Auto rose 1.8%, and NIO rose 1.3%.

Nio Li Auto JD Pinduoduo NetEase Alibaba

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Weekly Highlights

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                                    Challenger Gray, a US employment consulting firm, reports that pharmaceutical companies announced plans to lay off 19,112 employees in August, bringing the total to 22,433. This represents a 142% increase compared to the 9,254 layoffs reported in the same period last year. The industry is facing increasing competition from patent expirations and is refocusing on higher-margin products. Many companies are also implementing artificial intelligence, which is leading to restructuring and job losses.
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                                    According to CNBC: Apple (AAPL.O) CEO Tim Cook arrived at the White House.
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