Nasdaq China Golden Dragon Index closes down 2.36% Alibaba, NetEase, Baidu, JD.com fall over 2%

On January 30th local time, the US stock market closed, with the NASDAQ China Golden Dragon Index falling 2.36%, and a cumulative increase of 2.69% in January. In terms of individual stocks, most popular Chinese concept stocks declined, with Brain Rejuvenation plunging over 10%, Kingsoft Cloud dropping 7%, Bilibili, Xiaopeng Motors, Century Internet, Li Auto, and Xpeng Motors all falling more than %, Baidu Group, Alibaba, NetEase, and JD.com all declined over 2%.

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