---
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291583175.md"
description: "The NASDAQ Golden Dragon China Index initially closed down 1.8%. Performance among popular Chinese stocks was mixed, with Baidu, NIO, and XPeng leading the declines, while Meituan, Xiaomi, and BYD posted gains. In related ETFs, CQQQ fell 5.2% and KWEB dropped 0.6%"
datetime: "2026-07-02T20:00:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291583175.md)
  - [en](https://longbridge.com/en/news/291583175.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291583175.md)
---

# 

The NASDAQ Golden Dragon China Index initially closed down 1.8%. Among popular Chinese stocks, Baidu initially closed down about 4%, NIO and XPeng fell more than 3%, ASE Technology Holding dropped 2.7%, NetEase fell 1.9%, Tencent declined 1.8%, Alibaba dropped 1.5%, Meituan rose 1.6%, Xiaomi gained 2.7%, and BYD advanced 3.1%. In ETFs, CQQQ fell 5.2% and KWEB dropped 0.6%.

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