Driven by a surge in the US stock market and Spring Festival consumption, Lexin (LX.US) rose 8.54%

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On Friday, February 10th, Eastern Time, U.S. stocks closed higher, driven by a broad rally in the U.S. stock market and the arrival of the Spring Festival holiday. Leading Chinese digital consumer technology service provider Lexin (LX.US) rose 8.54%, closing at $3.05, continuing its previous upward trend; the trading volume for the day was $4.0542 million, with trading activity continuing to expand.

U.S. stocks closed higher on Monday, with technology stocks leading the gains, and the Dow Jones Industrial Average reaching a new all-time high. Among the three major indices, the Dow rose 20.20 points, or 0.04%, to 50,135.87; the Nasdaq gained 207.46 points, or 0.90%, to 23,238.67; the S&P 500 increased by 32.51 points, or 0.47%, to 6,964.81.

The Nasdaq China Golden Dragon Index closed up 0.12%, with popular Chinese concept stocks showing mixed performance: Minte Jiahe surged 93.28%, ASE Semiconductor rose 6.03%, China Internet Plus increased over 5%, Pony.ai gained over 3%, and TSMC rose 1.88%. Meanwhile, stocks like Ctrip and Li Auto experienced varying degrees of decline. Lexin performed notably well among Chinese concept stocks in the consumer sector.

Lexin was founded in August 2013 and is based in Shenzhen, China. It has actively connected online and offline broad consumer scenarios through its platform, embodying the brand concept of “easy consumption, flexible circulation” to link hundreds of millions of young Chinese consumers with new consumer brands. In December 2017, Lexin officially listed on the Nasdaq in the United States.

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