---
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296264115.md"
description: "The NASDAQ Golden Dragon China Index initially closed down 1%. Performance among popular Chinese stocks was mixed, with Vnet and Baidu leading the declines, dropping 16.8% and 12.5% respectively; Wetour surged 38.9%, and Youdao rose 5.8%. Alibaba and New Oriental EDU & Tech saw slight gains. Related ETFs such as CQQQ fell 2.5%, and KWEB dropped 0.4%"
datetime: "2026-08-18T20:02:08.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296264115.md)
  - [en](https://longbridge.com/en/news/296264115.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296264115.md)
---

# 

The NASDAQ Golden Dragon China Index initially closed down 1%. Among popular Chinese stocks, Vnet initially closed down 16.8%, Baidu fell 12.5%, ASE Technology Holding dropped 9.1%, GDS Holdings fell 5.1%, XPeng declined 3.6%, Li Auto dropped 2.3%, Tencent fell 0.8%, PDD Holdings rose 0.4%, New Oriental EDU & Tech gained 2.3%, Alibaba rose 2.9%, Youdao increased 5.8%, and Wetour surged 38.9%. Among ETFs, CQQQ fell 2.5%, and KWEB dropped 0.4%.

### Related Stocks

- [BIDU.US](https://longbridge.com/en/quote/BIDU.US.md)
- [DAO.US](https://longbridge.com/en/quote/DAO.US.md)
- [WETO.US](https://longbridge.com/en/quote/WETO.US.md)
- [VNET.US](https://longbridge.com/en/quote/VNET.US.md)
- [EDU.US](https://longbridge.com/en/quote/EDU.US.md)
- [BABA.US](https://longbridge.com/en/quote/BABA.US.md)
- [KBAB.US](https://longbridge.com/en/quote/KBAB.US.md)
- [.HXC.US](https://longbridge.com/en/quote/.HXC.US.md)
- [CQQQ.US](https://longbridge.com/en/quote/CQQQ.US.md)
- [KWEB.US](https://longbridge.com/en/quote/KWEB.US.md)
- [BABO.US](https://longbridge.com/en/quote/BABO.US.md)
- [BABU.US](https://longbridge.com/en/quote/BABU.US.md)
- [BABW.US](https://longbridge.com/en/quote/BABW.US.md)
- [BABX.US](https://longbridge.com/en/quote/BABX.US.md)
- [BBYY.US](https://longbridge.com/en/quote/BBYY.US.md)
- [CWEB.US](https://longbridge.com/en/quote/CWEB.US.md)
- [KLIP.US](https://longbridge.com/en/quote/KLIP.US.md)
- [09988.HK](https://longbridge.com/en/quote/09988.HK.md)
- [09888.HK](https://longbridge.com/en/quote/09888.HK.md)
- [09901.HK](https://longbridge.com/en/quote/09901.HK.md)

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