Nasdaq Golden Dragon China Index Rises 0.8% Friday, Down 2.5% Week

Friday's bounce in Chinese ADRs, led by Baidu and Meituan, suggests selective buying after a weekly decline, but the index's 2.5% weekly loss indicates broader caution persists. The divergence between strong single-stock gains and modest ETF moves points to stock-specific catalysts rather than a sector-wide shift. What matters next is whether this rebound can sustain beyond a single session, especially given the week's overall negative tone. Watching if leadership from tech names like Baidu holds could signal if the pullback is over or just a pause.