Nasdaq Golden Dragon China Index Closes Up 2.2%

The breadth of the move is the story here: gains spread across solar, EV, e-commerce and platform names rather than concentrating in one sector, and the KWEB and CQQQ ETFs tracking it confirm it was a basket-wide bid for Chinese ADRs rather than isolated stock news. The dispersion matters too — JinkoSolar's outsized jump alongside Daqo New Energy's decline shows solar names did not move as a bloc, so single-stock drivers are still at work beneath the index-level rally. Whether that breadth holds across the next session, or narrows back to a handful of large caps, is the open question.