---
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/293070112.md"
description: "The NASDAQ Golden Dragon China Index initially closed down 1.8%, but rose 2.6% for the week. Among individual stocks, Baidu fell 4.8%, while Meituan, XPeng, Tencent, and Li Auto each dropped more than 3%; PDD and Alibaba declined over 2%. Meanwhile, NTES, Canadian Solar, Daqo New Energy, and Jinkosolar posted gains"
datetime: "2026-07-17T20:02:49.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/293070112.md)
  - [en](https://longbridge.com/en/news/293070112.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/293070112.md)
---

# 

The NASDAQ Golden Dragon China Index initially closed down 1.8%, posting a cumulative gain of 2.6% for the week. Among popular Chinese concept stocks, Baidu initially closed down 4.8%; Meituan, XPeng, Tencent, and Li Auto fell more than 3%; PDD, ASE Technology Holding, and Alibaba dropped over 2%; NTES rose 0.7%; Canadian Solar gained 1.5%; Daqo New Energy increased by 2.2%; and Jinkosolar rose 3.1%.

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