U.S. stocks closed up more than 1%, with NIO and XPeng both rising 7%.

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According to ChainCatcher and Gate.com data, U.S. stocks closed Monday with the Dow Jones Industrial Average up 1.38%, the S&P 500 up 1.1%, and the Nasdaq Composite up 1.38%. Advanced Micro Devices (AMD) rose 5%, Nvidia rose 1.7%, and TSMC rose 2.8%. The Nasdaq China Golden Dragon Index closed up 0.86%, with NIO and XPeng both rising 7%, and Alibaba rising 3%.

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