Nasdaq Golden Dragon China Index Rises 0.7%, Down 6.2% in September

A single up day does little to change the month's picture: the index still closed September down 6.2% and the quarter down 2.5%, so the bounce reads as stabilization within a broader pullback rather than a reversal. The split is the more telling detail — consumer and EV names like New Oriental, Meituan, NIO, Li Auto, JD.com and XPeng drew bids, while Alibaba, Tencent and ASE Technology lagged, suggesting the move was selective rather than a uniform China-ADR re-rating. Whether that dispersion persists, or the index resumes its September slide, is the open question.