The NASDAQ Golden Dragon China Index initially closed down 1.8%, but rose 2.6% for the week. Among individual stocks, Baidu fell 4.8%, while Meituan, XPeng, Tencent, and Li Auto each dropped more than 3%; PDD and Alibaba declined over 2%. Meanwhile, NTES, Canadian Solar, Daqo New Energy, and Jinkosolar posted gains

The NASDAQ Golden Dragon China Index initially closed down 1.8%, posting a cumulative gain of 2.6% for the week. Among popular Chinese concept stocks, Baidu initially closed down 4.8%; Meituan, XPeng, Tencent, and Li Auto fell more than 3%; PDD, ASE Technology Holding, and Alibaba dropped over 2%; NTES rose 0.7%; Canadian Solar gained 1.5%; Daqo New Energy increased by 2.2%; and Jinkosolar rose 3.1%.