---
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283883910.md"
description: "The Nasdaq Golden Dragon China Index initially closed down 2.4%. Among popular Chinese concept stocks, TAL Education fell 9.3%, XPeng dropped 6.4%, New Oriental declined 5.8%, Pony.ai fell 5%, WeRide and Zai Lab both dropped 4.3%, Alibaba slipped 3.5%, NetEase fell 3.2%, and NIO declined 3%. Li Auto and GDS Holdings remained flat, VNET Group rose 0.8%, Jinko Solar increased 1%, and Canadian Solar surged 9.5%. Regarding ETFs, KWEB fell 2.8% and CQQQ dropped 2%"
datetime: "2026-04-23T20:00:38.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283883910.md)
  - [en](https://longbridge.com/en/news/283883910.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283883910.md)
---

# 

The Nasdaq Golden Dragon China Index initially closed down 2.4%. Among popular Chinese concept stocks, TAL Education fell 9.3%, XPeng dropped 6.4%, New Oriental declined 5.8%, Pony.ai fell 5%, while WeRide and Zai Lab both dropped 4.3%. Alibaba slipped 3.5%, NetEase fell 3.2%, and NIO declined 3%. Li Auto and GDS Holdings remained roughly flat, VNET Group rose 0.8%, Jinko Solar increased 1%, and Canadian Solar surged 9.5%. In the ETF sector, KWEB fell 2.8% and CQQQ dropped 2%.

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