STOCKS | Nasdaq Golden Dragon China Index Falls 2% as Most Major Chinese ADRs Decline

According to Wallstreetcn, the Nasdaq Golden Dragon China Index initially fell 2%, with Pony.ai down 5.6%, Meituan down 4.6%, Li Auto down 4.2%, 21Vianet down 3.3%, Trip.com, Canadian Solar, and Xiaomi down 3.2%, NetEase down 2.9%, Alibaba down 2.6%, BYD down 2.5%, PDD down 1.3%, Tencent down 1%, Baidu down 0.4%, ASE Technology up 3.4%, and Shanda Technology up 20%; among ETFs, KWEB fell 2.1% and CQQQ fell 1.3%.