Chinese Concept Stocks Rally Collectively in Pre-Market Trading: Analysis of Market Sentiment and Industry Performance Differences

On December 22, 2025, the US stock market showed an overall differentiated pattern (S&P 500 rose slightly by 0.19%, Nasdaq fell slightly by 0.09%), but multiple popular Chinese concept stocks rallied collectively in pre-market trading, with Pinduoduo up over 2%, XPeng Motors up 0.76%, NIO up 0.6%, Baidu up 0.46%, etc. This phenomenon reflects the market’s short-term optimistic sentiment towards Chinese concept stocks, and the main investment logic may include: 1) Global market expectations for the Federal Reserve’s interest rate cuts; 2) Potential signals of positive progress in Sino-US economic and trade relations; 3) Macroeconomic factors such as expectations of better Chinese economic data. [0]

From the perspective of industry performance, there are obvious differences in the gains of different Chinese concept stocks. Pinduoduo, as a representative of e-commerce, led the gains, while Li Auto fell slightly by 0.06%. This difference may stem from fundamental differences between industries or short-term market preferences, such as: 1) The e-commerce industry may benefit from expectations of the upcoming consumption peak season; 2) Changes in the competitive landscape within the new energy vehicle industry have led to differentiated performance of individual stocks; 3) Tech stocks are affected by the market’s attention to AI and technological innovation. [0]

The main risks facing Chinese concept stocks currently include: 1) Uncertainty in Sino-US economic and trade relations; 2) Impact of changes in global liquidity; 3) Potential adjustments to industry regulatory policies. At the same time, Chinese concept stocks also have opportunities, such as consumption growth driven by China’s economic recovery and business expansion space brought by technological innovation. Investors should note that the pre-market gains did not fully continue during the trading session, indicating that market sentiment is still volatile, and investment decisions need to be combined with long-term fundamentals. [0]

The collective strength of Chinese concept stocks in pre-market trading this time reflects the market’s short-term optimistic sentiment towards Chinese concept stocks, with macro factors being the main driving force. Differences in industry performance stem from different industry fundamentals and market preferences. Investors need to pay attention to changes in market sentiment and long-term fundamental factors, and carefully evaluate investment risks and opportunities.