---
title: "The China Concept Index closed down more than 1.5%, YINN fell 3% but rebounded over 4% this week, Bilibili closed down 2.7%, Kingsoft Cloud rose over 23%, and WiMi Hologram Cloud rose over 77%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/223463208.md"
description: "The China Concept Index fell more than 1.5% this week, with the Nasdaq Golden Dragon China Index down 1.54%, closing at 6867.49 points, a cumulative increase of 0.57%. The FTSE China 3x Long ETF (YINN) dropped 3%, but rebounded more than 4% this week. Bilibili fell 2.7%, Kingsoft Cloud rose over 23%, and WiMi Hologram Cloud surged over 77%"
datetime: "2024-12-27T23:30:33.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/223463208.md)
  - [en](https://longbridge.com/en/news/223463208.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/223463208.md)
generator: "portal-rs"
---

# The China Concept Index closed down more than 1.5%, YINN fell 3% but rebounded over 4% this week, Bilibili closed down 2.7%, Kingsoft Cloud rose over 23%, and WiMi Hologram Cloud rose over 77%

The Nasdaq Golden Dragon China Index closed down 1.54% at 6867.49 points, with a cumulative increase of 0.57% this week.

Among ETFs, the FTSE China 3x Long ETF (YINN) closed down 3.00%, rebounding 4.17% this week; the China Internet Index ETF (KWEB) closed down 1.39%, with a cumulative decline of 0.58% this week after a 5.44% pullback last week; the China Technology Index ETF (CQQQ) closed down 0.71%, falling 0.61% this week, while the FTSE China 3x Short ETF (YANG) closed up 3.12%, down 5.12% this week

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**