The China Concept Index retraced about 5% of its gains and turned negative, WeRide fell 17%, Pony.ai dropped over 7%, and Alibaba's increase was less than 5%

Wallstreetcn
2025.02.20 17:20

The Nasdaq Golden Dragon China Index turned negative, with U.S. stocks initially rising about 5%.

Chinese concept stocks such as WeRide fell 16.9%, Pony.ai dropped over 7.5%, Bit Origin fell 6.4%, XPeng dropped 2.9%, Nio fell 1.9%, Li Auto dropped 1.4%, and Pinduoduo fell 0.4%.

Tencent Holdings is currently up 2.6%, JD.com is up 3.5%, Alibaba is up 4.59%, Bilibili is up over 5.4%, GDS Holdings' gains narrowed to 6.6%, Luckin Coffee's gains are less than 8%, Yuchai International and 36Kr are up over 16.8%.

The Chinese concept ETF YINN's gains narrowed to 1.9%, "China Dragon" DRAG is up about 1.3%, CQQQ is up over 0.1%, while KWEB is down over 0.2%

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