Nasdaq Golden Dragon China Index Closes Up 0.4%; Xiaomi Gains 4.1%

The moves look broad but shallow, with the index's modest gain resting on a handful of consumer-tech and EV names rather than a uniform re-rating. Xiaomi's outsized advance stands apart from the rest of the group, suggesting stock-specific interest rather than a sector-wide catalyst. Whether that dispersion narrows or widens in the coming sessions is the open question for anyone tracking Chinese ADR sentiment.