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Nasdaq Golden Dragon China Index falls 0.8% in preliminary close

The Nasdaq Golden Dragon China Index preliminary closed down 0.8%. Among popular Chinese ADRs, Yum China fell 2.2%, Xiaomi dropped 2%, while NetEase, New Oriental, and Meituan each lost over 1%. Pinduoduo declined 0.7% and Alibaba slipped 0.1%. In contrast, BYD gained 1.1%, Baidu rose 1.3%, WeRide advanced 2%, and Pony.ai climbed 2.4%.

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