---
title: "STOCKS | Nasdaq Golden Dragon China Index Falls 0.55% After Fed Rate Hike"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/299233220.md"
description: "The Nasdaq Golden Dragon China Index dropped 0.55% to 5,734.17 following the Federal Reserve's rate hike announcement and signals of further increases. Major Chinese tech stocks including Xiaomi, Tencent, Meituan, Alibaba, Baidu, NetEase, and BYD saw declines, while Pinduoduo and ASE Technology rose. The index recovered slightly after Fed Chair Jerome Powell's press conference."
datetime: "2026-09-16T20:34:16.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/299233220.md)
  - [en](https://longbridge.com/en/news/299233220.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/299233220.md)
generator: "portal-rs"
---

# STOCKS | Nasdaq Golden Dragon China Index Falls 0.55% After Fed Rate Hike

According to Wallstreetcn, the Nasdaq Golden Dragon China Index fell 0.55% to 5,734.17, extending losses after the Federal Reserve announced a rate hike at 02:00 UTC+8 and its dot plot signaled more hikes this year, before recovering some ground after Fed Chair Jerome Powell's press conference ended. Among popular Chinese stocks, Xiaomi initially fell 2.8%, Tencent Holdings fell 2.4%, Meituan fell 2.3%, Alibaba fell 2%, Baidu fell 1.9%, NetEase fell 1.4%, and BYD fell 0.9%, while Pinduoduo rose 0.9% and ASE Technology rose 2%. Among ETFs, the KraneShares CSI China Internet ETF (KWEB) fell 0.98%, the China Technology ETF (CQQQ) rose 0.15%, the Deutsche X-trackers Harvest CSI 300 ETF (ASHR) rose 0.12%, the MSCI Emerging Markets ex China ETF (EMXC) rose 0.19%, and the Xtrackers Harvest CSI 50 ETF (ASHS) rose 1.14%.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**