---
title: "The China Concept Index closed up 0.7%, Daqo New Energy rose 10.7%, and Nio rose over 2.6%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/247705974.md"
description: "The China Concept Index closed up 0.71% at 7484.90 points, outperforming the three major U.S. stock indices. Among popular China concept stocks, Daqo New Energy rose 10.72%, UP Fintech rose 8.44%, Kanzhun rose 4.77%, and NIO rose 2.64%. In terms of ETFs, the Direxion FTSE China Bull 3X rose 2.87%, and the China Technology Index ETF rose 1.89%"
datetime: "2025-07-08T21:44:48.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/247705974.md)
  - [en](https://longbridge.com/en/news/247705974.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/247705974.md)
generator: "portal-rs"
---

# The China Concept Index closed up 0.7%, Daqo New Energy rose 10.7%, and Nio rose over 2.6%

The Nasdaq Golden Dragon China Index closed up 0.71% at 7484.90 points, marking the second consecutive trading day of a pullback after reaching a high, and it has outperformed the three major U.S. stock indices for two days in a row.

Among popular Chinese concept stocks, Daqo New Energy rose 10.72%, UP Fintech increased by 8.44%, Kanzhun was up 4.77%, Manbang rose 3.08%, NIO increased by 2.64%, Canadian Solar, Qihoo 360, JD.com, and New Oriental rose by up to 2.15%, Alibaba rose 1.62%, Tencent Music increased by 1.25%, while Miniso fell 1.03%, and Trip.com and Zai Lab both dropped at least 1.5%.

In ETFs, the Direxion FTSE China Bull 3X ETF (YINN) rose 2.87%, the China Technology Index ETF (CQQQ) increased by 1.89%, the Chinese Internet Index ETF (KWEB) rose 1.83%, and the "China Dragon" Roundhill China Dragons ETF (DRAG) increased by 1.22%

### Related Stocks

- [TIGR.US](https://longbridge.com/en/quote/TIGR.US.md)
- [DQ.US](https://longbridge.com/en/quote/DQ.US.md)
- [NIO.US](https://longbridge.com/en/quote/NIO.US.md)
- [NIO.SG](https://longbridge.com/en/quote/NIO.SG.md)
- [09866.HK](https://longbridge.com/en/quote/09866.HK.md)
- [BZ.US](https://longbridge.com/en/quote/BZ.US.md)
- [02076.HK](https://longbridge.com/en/quote/02076.HK.md)
- [YANG.US](https://longbridge.com/en/quote/YANG.US.md)
- [YINN.US](https://longbridge.com/en/quote/YINN.US.md)

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