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NASDAQ Golden Dragon China Index Surges 6%+; Hot CN Concepts Broadly Rally
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Major tech stocks in the US were generally on the rise last night, and popular Chinese stocks also rose. NASDAQ Golden Dragon China Index hiked more than 6%, closing at a record high since late November last year.

MEITUAN-W (03690.HK) (MPNGY.US) ADR closed at HK$122.81 after converting to HKD, 3.1% higher than the Hong Kong market close yesterday. TENCENT (00700.HK) (TCEHY.US) ADR closed at HK$368.37 after converting to HKD, 2.2% above the HK market close yesterday. BABA-SW (09988.HK) (BABA.US) ADR closed at HK$78.45 after converting to HKD, 3.1% over the HK market close yesterday.

Related NewsBofAS Raises BABA-SW (09988.HK) TP to $101, Rating Buy
The spot-month HSI futures closed the night session 355 points higher at 18,520, trading 313 points above the HSI.

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