Nasdaq Golden Dragon Index Sees Largest Drop Since March 2023 as Chinese Stocks Decline

Oct 08, 2024

The Nasdaq Golden Dragon China Index took a significant hit, dropping 5.4% in its initial trading phase, marking its steepest decline since March 2023. This downturn affected numerous popular Chinese stocks.

Tiger Brokers (TIGR, Financial) experienced a sharp fall, plummeting nearly 20%, while Futu Holdings (FUTU) saw a decline of over 18%. Additionally, Bilibili (BILI) shares dropped almost 12%.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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