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Nasdaq Golden Dragon China Index Craters 5%+ as Alibaba/ Bilibili/ Kingsoft Cloud Holdings Plunge 10%
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...
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Nasdaq Golden Dragon China Index Craters 5%+ as Alibaba/ Bilibili/ Kingsoft Cloud Holdings Plunge 10%
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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%.

Related NewsJefferies Lifts Full-Yr Non-IFRS NP Forecast for Tencent Music (TME.US); ADR TP Raised to USD17
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%.
(Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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