---
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/302602811.md"
description: "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%"
datetime: "2026-10-21T20:00:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/302602811.md)
  - [en](https://longbridge.com/en/news/302602811.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/302602811.md)
generator: "portal-rs"
---

# 

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%.

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## Related News & Research

- [VNET Announces Repurchase of 30% of Its Convertible Senior Notes due 2027 | VNET Stock News](https://longbridge.com/en/news/303230863.md)
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- [Li Auto Inc. October 2026 Delivery Update  | LI Stock News](https://longbridge.com/en/news/303843427.md)
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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**