Nasdaq Golden Dragon China Index Falls 1.8% Today; Baidu Down 4%, BYD Up 3.1%

The Nasdaq Golden Dragon China Index closed down 1.8% today, July 2, with mixed performance across major Chinese tech stocks. Baidu led declines with a 4% drop, while NIO and XPeng fell over 3% and MediaTek subsidiary Advanced Semiconductor Engineering declined 2.7%. Netease, Tencent, and Alibaba slipped 1.9%, 1.8%, and 1.5% respectively. On the upside, BYD surged 3.1%, Xiaomi rose 2.7%, and Meituan gained 1.6%.
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