---
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295005426.md"
description: "The NASDAQ Golden Dragon China Index initially closed down about 1%. Among popular Chinese stocks, Canadian Solar, Advanced Semiconductor Engineering, and Kingsoft Cloud led the declines; Tencent, NetEase, and Alibaba saw slight drops, while New Oriental EDU & Tech rose against the trend. In terms of ETFs, KWEB fell 1.1%, and CQQQ rose 0.7%"
datetime: "2026-08-05T20:00:26.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295005426.md)
  - [en](https://longbridge.com/en/news/295005426.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295005426.md)
generator: "portal-rs"
---

# 

The NASDAQ Golden Dragon China Index initially closed down about 1%. Among popular Chinese stocks, Canadian Solar initially closed down 5.6%, Advanced Semiconductor Engineering fell 4.6%, Kingsoft Cloud dropped 4.2%, Tencent fell 1.9%, NetEase declined 1.8%, Alibaba dipped 0.1%, and New Oriental EDU & Tech rose 1.2%. In terms of ETFs, KWEB fell 1.1%, and CQQQ rose 0.7%.

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## Related News & Research

- [Why Kingsoft Cloud stock is soaring today](https://longbridge.com/en/news/296379846.md)
- [Kingsoft Cloud Holdings (KC) Q2 Profit Turn As AI Cloud Growth Puts Valuation In Focus](https://longbridge.com/en/news/296452812.md)
- [NetEase declares USD 0.096 per share Q2 dividend](https://longbridge.com/en/news/296461799.md)
- [Jefferies Cites NTES  as Confident in Long-term Operation of 'Naraka: Bladepoint'; Rating Maintained at 'Buy'](https://longbridge.com/en/news/296564393.md)
- [Kingsoft Cloud (NASDAQ:KC) Releases Quarterly Earnings Results, Beats Expectations By $0.03 EPS](https://longbridge.com/en/news/296351510.md)

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