U.S. Stock Market Moves | Most Popular China Concept Stocks Rise Sharply, Canadian Solar (CSIQ.US) Surges Over 10%

Stock News

Nov 10

On Monday, the Nasdaq Golden Dragon China Index opened with a strong gain of 2%, with most popular China concept stocks rising. Canadian Solar (CSIQ.US) surged over 10%, while XPeng (XPEV.US) climbed more than 7%. Baidu (BIDU.US) and Futu Holdings (FUTU.US) rose over 2%, and Alibaba (BABA.US), Pinduoduo (PDD.US), and NIO (NIO.US) gained more than 1%.

Additionally, the Hang Seng Index surged 1.55% intraday, and the Shanghai Composite Index rose 0.53%. Market sentiment improved after the U.S. Senate passed a procedural motion late on November 9 with a 60-40 vote, paving the way to end the longest government shutdown in history. The Senate has adjourned until Monday, with the final vote timing yet to be determined. The bill still requires House approval before being sent to President Trump for signing.

Upon returning to the White House on November 9, Trump told reporters, "It looks like we’re very close to ending the shutdown."

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