Nasdaq Golden Dragon China Index Falls 0.66%, Down 2.80% Week-to-Date

NIO-3.44%
XPEV-3.25%
TENCENT-2.38%

The Nasdaq Golden Dragon China Index fell 0.66% this week to close at 6,104.64 points, extending losses with a cumulative weekly decline of 2.80%. Among top Chinese-listed stocks, Lite-On Semiconductor dropped 6.8%, while NIO and XPeng fell over 3%. Tencent gained 0.4% and Meituan rose 1%.

China-focused ETFs showed mixed performance: Xtrackers Harvest CSI 500 (ASHS) fell 1.94%, the Deutsche Bank Xtrackers Hang Seng China Enterprise ETF (ASHR) declined 1.21%, China Technology ETF (CQQQ) lost 1.03%, and China Internet ETF (KWEB) rose 0.08%. MSCI Emerging Markets ex-China ETF (EMXC) fell 2.39%.

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