US Market Moves: China Concept Stocks Rally Early, Kingsoft Cloud Surges Over 17%

Stock Track

07-15

On Tuesday, the Nasdaq Golden Dragon China Index jumped more than 2%, fueled by a strong start for popular China concept stocks. Kingsoft Cloud Holdings Ltd (KC.US) soared over 17%, while GDS Holdings Ltd (GDS.US) gained more than 12%. Pony.ai Inc (PONY.US) climbed over 8%, and Alibaba Group Holding Ltd (BABA.US) as well as Baidu Inc (BIDU.US) both advanced over 6%.

In the background, China's National Bureau of Statistics reported preliminary GDP for the first half of the year at 66.0536 trillion yuan, reflecting a 5.3% year-on-year increase at constant prices. Goldman Sachs added that China's intensified efforts to curb fierce price competition could trigger positive market reactions and potential price recoveries for these equities.

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Kingsoft Cloud Holdings Ltd (KC.US) soared over 17%, while GDS Holdings...</p>\n\n<a href=\"\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1589","symbol_name":"北水核心资产","start_time":0,"source_url":"","article_id":"1103169469","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1103169469","pubTimestamp":1752588441,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":null,"summary":"On Tuesday, the Nasdaq Golden Dragon China Index jumped more than 2%, fueled by a strong start for popular China concept stocks. 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