Nasdaq Golden Dragon China Index Rises 2.51% to 6,257.87 Points on July 27

On July 27, the Nasdaq Golden Dragon China Index closed up 2.51% at 6,257.87 points, approaching its 50-day moving average of 6,294.47 points. Among prominent Chinese stocks, Baozun E-commerce led gains with an initial rise of 12.8%, followed by Xiaomi up 8.3%, EHang Holdings up 7.5%, Wenyuan Qixing up 5.5%, and Atour Lifestyle, Tencent Music, and Kingsoft Cloud each up over 5%.

China-focused exchange-traded funds also advanced, with the China Internet ETF (KWEB) up 2.70% and the China Tech ETF (CQQQ) up 2.43%. The Xtrackers Harvest CSI 500 ETF (ASHS) gained 2.03%, while the Deutsche Bank iShares Hu Shen 300 Index ETF (ASHR) rose 1.19%.