---
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283551087.md"
description: "The Nasdaq Golden Dragon China Index initially closed down 2.5%. Among popular Chinese concept stocks, Daqo New Energy fell more than 9%, Bilibili and CSI Solar dropped over 6%, VNET Group declined by 5.8%, PDD decreased by 4.9%, while NEW ORIENTAL-S, XPENG, Alibaba, Baidu, NIO, and NetEase each fell approximately 3%. KWEB dropped 2.9%, and CQQQ fell 2.7%"
datetime: "2026-04-21T20:01:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283551087.md)
  - [en](https://longbridge.com/en/news/283551087.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283551087.md)
---

# 

The Nasdaq Golden Dragon China Index initially closed down 2.5%.

Among popular Chinese concept stocks, Daqo New Energy initially closed down more than 9%, Bilibili and CSI Solar dropped over 6%, VNET Group declined by 5.8%, PDD decreased by 4.9%, while NEW ORIENTAL-S, XPENG, Alibaba, Baidu, NIO, and NetEase each fell at least approximately 3%.

KWEB dropped 2.9%, and CQQQ fell 2.7%.

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