Chinese concept stocks rose, as of the time of writing, PDD Holdings is up more than 4.6%.
According to the Zhichun Finance App, Chinese concept stocks rose on Monday. As of the time of writing, PDD Holdings (PDD.US) rose over 4.6%, NIO (NIO.US) rose over 4.3%, Xpeng (XPEV.US) rose over 2.8%, Bilibili (BILI.US) rose over 1%, Alibaba (BABA.US) rose over 0.8%, and JD.com (JD.US) rose over 0.5%. In news, Trump stated that The Washington Post's report is inaccurate, citing so-called anonymous sources that do not actually exist. Trump further pointed out that this is another example of fake news. He also mentioned that his tariff policy will not be diminished. The Washington Post previously reported that Trump is reportedly considering implementing universal tariffs only on key imported goods. The US dollar saw a significant decline against most major currencies on Monday.