---
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/289959929.md"
description: "The NASDAQ Golden Dragon China Index initially closed down 2.4%. Popular Chinese concept stocks generally declined, with Advanced Semiconductor Engineering falling 4.5%, Pony AI and XPeng dropping over 4%, and Tencent, Meituan, NIO Inc., Baidu, and NetEase all declining more than 3%. Among related ETFs, KWEB fell 2.8%, CQQQ dropped 1.6%, and EMXC decreased by 1.5%"
datetime: "2026-06-16T20:02:21.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/289959929.md)
  - [en](https://longbridge.com/en/news/289959929.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/289959929.md)
---

# 

The NASDAQ Golden Dragon China Index initially closed down 2.4%. Among popular Chinese concept stocks, Advanced Semiconductor Engineering fell 4.5%, Pony AI and XPeng dropped over 4%, while Tencent, Meituan, NIO Inc., Baidu, and NetEase all declined more than 3%. In terms of ETFs, KWEB fell 2.8%, CQQQ dropped 1.6%, and EMXC decreased by 1.5%.

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