The NASDAQ Golden Dragon China Index initially closed up 0.3%. Performance among popular Chinese concept stocks was mixed: H World surged 11.4%, while XPeng and Vnet followed with gains; Miniso and Youdao fell 8.6% and 9.8%, respectively. In terms of ETFs, CQQQ rose 1.7%, while KWEB edged down 0.2%

The NASDAQ Golden Dragon China Index initially closed up 0.3%.

Among popular Chinese concept stocks, H World initially closed up 11.4%, XPeng rose 4.2%, Vnet rose 4.1%, Atour rose 3.1%, GDS Holdings rose 2.8%, Pinduoduo rose 2.5%, ASE Technology and New Oriental rose 0.9%, Alibaba rose 0.3%, Miniso fell 8.6%, and Youdao fell 9.8%.

In terms of ETFs, CQQQ rose 1.7%, and KWEB fell 0.2%.