On May 26, the three principal U.S. stock indices closed out the trading day with a mixed bag of gains and losses. The Dow Jones Industrial Average dipped by 0.23%, whereas the Nasdaq Composite Index surged ahead with a 1.19% increase, and the S&P 500 Index notched up a 0.61% gain. The performance of large-cap tech stocks was a mixed bag as well. Arm witnessed a notable rise of over 4%, with Tesla and Google also climbing more than 1%, and Meta experiencing a slight uptick. In contrast, Netflix saw its shares decline by more than 1%, while Apple, Microsoft, and Amazon experienced minor downturns.

On the other hand, the majority of popular Chinese concept stocks showed an upward trend. XPeng Group soared by over 6%, with NetEase following closely with a rise exceeding 5%. Tencent Music wasn't far behind, climbing more than 4%, while Bilibili jumped over 3%. Pinduoduo also enjoyed a boost of over 2%, and NIO saw its shares rise by more than 1%. However, not all Chinese stocks fared well; JD.com saw its shares dip by more than 1%, while Alibaba and Baidu experienced only slight declines.