Nasdaq China Golden Dragon Index Drops as Chinese Tech Stocks Decline

Dec 10, 2024

The Nasdaq China Golden Dragon Index saw a significant decline, dropping by 4%. The 3x Long FTSE China ETF plummeted over 12%.

Among individual stocks, Fangdd Network Group (DUO, Financial) fell more than 20%, while Tiger Brokers (TIGR) decreased nearly 12%. Additionally, Bilibili (BILI) dropped over 10%, and major tech companies such as NetEase (NTES), Baidu (BIDU), and Pinduoduo (PDD) saw declines exceeding 4%.

Investors are closely monitoring these fluctuations, as the performance of Chinese tech stocks continues to impact the broader market.

Disclosures

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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