The NASDAQ Golden Dragon China Index initially closed up 1.5%, bringing its cumulative gain for July to 10.8%. Popular Chinese stocks showed strong performance, with Kingsoft Cloud rising 9.9%, Alibaba up 5.2%, New Oriental EDU & Tech gaining 4.1%, and Baidu and YUM China both rising over 3%. Related ETFs such as KWEB and CQQQ also rose by 1.5% and 1.3%, respectively
The NASDAQ Golden Dragon China Index initially closed up 1.5%, with a cumulative increase of 10.8% in July. Among popular Chinese stocks, Kingsoft Cloud initially closed up 9.9%, Alibaba rose 5.2%, New Oriental EDU & Tech gained 4.1%, while YUM China and Baidu both rose more than 3%. In the ETF sector, KWEB initially closed up 1.5%, and CQQQ rose 1.3%.