Nasdaq Golden Dragon China Index Falls 2.09% to 5,519.24, Down 2.97% for the Week

The divergence between the two China tech proxies is the detail worth noting: the internet-heavy KWEB held up better than CQQQ, which lost more than five percent on the week, suggesting hardware and technology names absorbed the heavier selling than platform companies. That gap matters because it hints at rotation within the China tech complex rather than uniform de-risking, though the shared direction across both funds points to a broader pullback. Whether the internet segment continues to outperform the tech side is the open question.