On June 25th, the majority of popular US-listed Chinese stocks closed lower, with the Nasdaq Golden Dragon China Index (HXC) finishing down 1.77%.

Stocks that gained ground, listed in order of market capitalization from highest to lowest, included Taiwan Semiconductor Manufacturing (TSM), up over 1%; Trip.com Group Limited (TCOM), up over 1%; FULL TRUCK ALLIANC SPON ADS EACH REP 20 ORD SHS CL A (YMM), up over 2%; Bilibili Inc. (BILI), up over 3%; Vipshop (VIPS), up over 1%; and Autohome (ATHM), up over 3%.

Stocks that declined, listed in order of market capitalization from highest to lowest, included Alibaba (BABA), down over 2%; PDD Holdings Inc (PDD), down over 1%; NetEase (NTES), down over 1%; Baidu (BIDU), down over 2%; JD.com (JD), down over 2%; H World Group (HTHT), down over 2%; Li Auto (LI), down over 1%; NIO Inc. (NIO), down over 3%; XPeng Inc. (XPEV), down over 2%; GDS Holdings Ltd (GDS), down over 1%; Atour Lifestyle Holdings Limited (ATAT), down over 2%; 小马智行, down over 1%; Kingsoft Cloud Holdings Ltd (KC), down over 4%; 文远知行, down over 2%; Youdao (DAO), down over 8%; and iQiyi Inc. (IQ), down over 2%.

In early US trading hours on Monday, June 25th, the three major US stock indices showed mixed performance. The Dow Jones Industrial Average gained 182.06 points, or 0.35%, to close at 51,848.90. The Nasdaq Composite fell 110.40 points, or 0.43%, to 25,476.64. The S&P 500 index declined by 7.24 points, or 0.10%, to 7,358.22.

Micron Technology (MU) reported earnings after the market closed on Wednesday. The company's revenue more than doubled in its fiscal third quarter, continuing to benefit from robust demand related to the artificial intelligence boom. The stock rose approximately 10% in after-hours trading following the news.