The Nasdaq Golden Dragon China Index preliminarily closed down 2.3%. Popular Chinese concept stocks generally declined, with XPeng dropping 5.6%, Hesai falling 5.5%, Pony AI down 4.2%, Alibaba declining 3.9%, and JD.com and Li Auto each dropping 3.6%. A few individual stocks rose, with GDS and Vnet up 1.1%, and Chagee gaining 3.8%. In terms of related ETFs, KWEB fell 2.6%, and CQQQ dropped 1.1%

Wallstreetcn

Oct 21, 2026 at 08:00 PM

The Nasdaq Golden Dragon China Index preliminarily closed down 2.3%. Among popular Chinese concept stocks, XPeng preliminarily closed down 5.6%, Hesai fell 5.5%, Pony AI dropped 4.2%, Alibaba declined 3.9%, JD.com and Li Auto each fell 3.6%, while GDS and Vnet rose 1.1%, and Chagee gained 3.8%. In the ETF sector, KWEB preliminarily closed down 2.6%, and CQQQ dropped 1.1%.