US Stocks Close Lower Across Major Indexes as Popular Chinese Concept Stocks Fall Broadly

According to 36Kr, US stocks closed lower across all three major indexes on October 16, with the Dow Jones falling 0.34%, the Nasdaq dropping 2.15%, and the S&P 500 declining 1.09%. Most large technology stocks fell, with SanDisk and SK Hynix down more than 6%, Meta down more than 3%, Netflix, Google and Tesla down more than 2%, and Nvidia, Microsoft and Amazon down more than 1%; Apple rose 0.43%. Popular Chinese concept stocks broadly declined, with Tiger Brokers down more than 6%, XPeng down more than 4%, Futu Holdings and MINISO down more than 3%, Baidu down more than 2%, and NIO, Alibaba, PDD Holdings, JD.com and Li Auto down more than 1%.