U. S. stocks closed sharply lower Wednesday after the Federal Reserve left the federal funds rate unchanged but warned that the pace of the U.S. economic recovery was slowing. By the close, the Dow was down 2.05% at 30303.17, the Nasdaq was down 2.61% at 13270.60, and the S & P was down 2.57% at 3750.77.

China-listed stocks closed down on Tuesday, with only 66 rising and 229 falling.

Among the Fortune popular Chinese stocks, a total of 10 stocks closed up and 31 closed down.

The specific performance is as follows:

Among the well-known Chinese stocks:JD.com is down 7.09%; Baidu, Inc. is down 4.48%; Bilibili Inc. is down 4.42%; Pinduoduo is down 4.41%; BABA is down 2.13%. Among the three swordsmen who built cars, XPeng Inc. led the decline, down 7.48%; NIO Inc. fell 5.24%; and Li Auto Inc. fell 2.89%.

The larger increases are as follows:TIAN RUIXIANG Holdings, the insurance brokerage company listed on the first day, rose 537.5%; ANDATEE CHINA MARI rose 390.91%; the AMC cinema chain rose 301.21%; Autohome Inc rose 7.4%; Sina Weibo Corp rose 7.33%; iQIYI, Inc. rose 4.36%; and the JOYY Inc era rose 3.99%.

The larger decreases are as follows:EZGO Technologies Ltd. is down 49.75%; The9 Ltd is down 17.12%; Boqii Holding Limited is down 15.57%; Chindata Group Holdings Limited is down 8.23%; Yatsen is down 6.06%.

Focus review

• Baidu, Inc. has been approved by California to test a driverless self-driving car.

The California Motor vehicle Administration said on Wednesday$Baidu, Inc. (BIDU.US) $It has been approved by California to test self-driving cars without drivers. A total of 58 companies have been approved to conduct such self-driving tests with a backup driver in California, including a number of mainstream automakers and Apple Inc. Baidu, Inc. is the sixth company allowed to test without having to have a driver.

• The new power of car building has all fallen! XPeng Inc. fell more than 7%, and its share price fell below $50.

By the close of trading$XPeng Inc. (XPEV.US) $Fell 7.48 percent to $49.96$NIO Inc. (NIO.US) $Fell 5.24 percent to $57.15$Li Auto Inc. (LI.US) $It fell 2.89% to $31.56.

• Macquarie analysts raise JD.com 's target price to $133

Macquarie analyst Han Joon Kim will$JD.com (JD.US) $The target price was raised to $133 from $107and maintained its outperform rating, taking into account JD Health's recent IPO and the rebound in JD Logistics, Inc. 's valuation. Although he still believes that there are downside risks to JD.com 's earnings, he also said that "the market may be more concerned about whether JD.com can build long-term momentum in e-commerce rather than immediate earnings." "

• Oppenheimer raised Pinduoduo's target price from $150 to $200.

Oppenheimer analyst Bo Pei will$Pinduoduo (PDD.US) $The target price was raised from $150 to $200, or 15%, to maintain an outperform rating because he included the "buy more" factor in his model and valuation. Analysts say Pinduoduo is his first choice for long-term trends in China's electronic grocery industry.

• The investment bank B.Riley FBR maintains the neutral rating of AMC cinema line, and the target price is raised to 5.50 US dollars.

Investment bank B.Riley FBR announces maintenance$AMC cinema line (AMC.US) $The neutral rating was raised to $5.50 from $3.50, and the fourth-quarter financial results of major studios are expected to have a positive impact on the survival of the industry, although the bank downgraded its box office forecasts for the US film industry in 2021 and 2022. But the box office is expected to recover fully by 2023. B.Riley FBR said he believes every company now has enough liquidity to make it through a long recovery period.

• KANZHUN LIMITED plans to go public in the United States this year

According to reports, Internet recruitment platform KANZHUN LIMITED, which will officially go public in the United States this year, has selected Goldman Sachs Group and UBS as co-lead underwriters to arrange IPO for it, which is expected to raise about $300m. As early as the 5th anniversary of the founding of KANZHUN LIMITED in July 2019, Zhao Peng, founder and CEO of KANZHUN LIMITED, had revealed that "the company is preparing for IPO", but the final listing location and specific timetable had not yet been determined at that time.