The Nasdaq Golden Dragon China Index initially fell by 2.7%, with a cumulative decline of about 0.7% this week. 
Popular Chinese concept stocks Fangdd Network fell by 8.6%, WeRide fell by 8.2%, Pony AI fell by 7%, XPeng fell by 5.2%, Li Auto, Bilibili, and Alibaba fell by over 3%, while Nio, Pinduoduo, JD.com, Yum China, NetEase, New Oriental, and Baidu fell by over 2%. 
The Chinese concept ETF YINN fell by 5.7%, while DRAG, KWEB, CQQQ, and CHAU fell by over 2%, and YANG rose by 5.8%

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The Nasdaq Golden Dragon China Index preliminarily closed down 2.7%, with a cumulative decline of about 0.7% this week. Popular Chinese concept stocks generally fell, with Fangdd Network down 8.6%, WeRide down 8.2%, Pony AI down 7%, and XPeng down 5.2%. Li Auto, Bilibili, and Alibaba fell over 3%, while Nio, Pinduoduo, and JD.com fell over 2%. The Chinese concept ETF YINN fell 5.7%, and other related ETFs also experienced declines, while YANG rose 5.8%

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