Five Chinese Firms Dominate Friday’s Top 10 Gainers

The stock market suffered a bloodbath on Friday, with major indices posting whopping declines, as investors sold off positions for saver havens amid concerns about a slowing economy and sticky inflation.

The Dow Jones fell by 1.69 percent, the S&P declined by 1.71 percent, while the tech-heavy Nasdaq nosedived by 2.20 percent.

Meanwhile, 10 stocks—predominantly Chinese firms—defied a broader market downturn, clocking in gains.

To come up with Friday’s best performers, we considered only the stocks with $2 billion in market capitalization and $5 million in daily trading volume.

A woman reading and analyzing stock market data. Photo by Artem Podrez on Pexels

10. Novo Nordisk A/S (NYSE:NVO)

Novo Nordisk extended a four-day winning streak on Friday, adding 5.18 percent to close at $88.08 apiece as investors cheered news that its best-selling weight loss drug Wegovy and diabetes treatment Ozempic are now produced in sufficient quantities, two years after entering a supply shortage.

According to the Food and Drug Administration, supply is currently meeting or exceeding demand, and NVO has developed a product inventory to cover future demand.

“We are pleased the FDA has declared that supply of the only real, FDA-approved semaglutide medicines is resolved,” said Dave Moore, NVO executive vice president for US operations and global business development, while taking a swipe at manufacturers of the blockbuster drugs’ knock-offs.

According to Moore: “No one should have to compromise their health due to misinformation and reach for fake or illegitimate knockoff drugs that pose significant safety risks to patients.”

9. Lufax Holding Ltd. (NYSE:LU)

Lufax Holding saw its share prices grow by 5.44 percent on Friday to close at $3.1 as funds continued to flock to Chinese stocks on expectations that the booming Artificial Intelligence industry in China, thanks to DeepSeek, would bolster growth of firms across all industries.

Last week, reports showed that a growing number of Chinese companies—including those listed on the US stock market—were rushing to adopt DeepSeek’s models into their business operations.

LU, a financial services company empowering institution for small and micro businesses in China, traded higher in line with fellow US-listed Chinese companies namely Alibaba Group Holding Ltd. (NYSE:BABA), PDD Holdings Inc. (NASDAQ:PDD), Hesai Group Inc. (NASDAQ:HSAI), Tencent Music Entertainment Group (NYSE:TME), and Pony AI Inc. (NASDAQ:PONY).