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Nasdaq Golden Dragon China Index Craters 5%+ as Alibaba/ Bilibili/ Kingsoft Cloud Holdings Plunge 10%
Recommend 43 Positive 72 Negative 38 |
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The Nasdaq Golden Dragon China Index fell significantly overnight (24th), and closed down 418 points or 5.2% at 7,564. For constituents, Alibaba Group Holding (BABA.US) plunged 10.2%, while Bilibili (BILI.US), Kingsoft Cloud Holdings (KS.US) and GDS Holdings (GDS.US) tumbled 10%, 10.7% and 11.6%. Tencent Music Entertainment Group (TME.US) eroded 9.7%, while New Oriental Education & Technology Group (EDU.US) and JD.com (JD.US) cratered over 7%. NetEase (NTES.US), Li Auto (LI.US) and ZTO Express (ZTO.US) also sagged over 4%. Other China concept stocks also slipped, with PDD Holdings (PDD.US) slumping 8.8%. Pony AI (PONY.US) collapsed 20%, while Tencent Holding (TECHY.US) descended 7.6%. AAStocks Financial News |
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