The Nasdaq Golden Dragon China Index closed down 0.10% at 7,591.86 points, with a cumulative decline of 2.77% for the week. It remained stable at high levels from Monday to Wednesday, experienced a significant drop at the beginning of Thursday's US stock session, then fluctuated at lower levels, forming an overall Z-shaped trend.

Among popular Chinese concept stocks, New Oriental closed down 2.3%, Alibaba fell 2.1%, Pony.ai dropped 2%, Li Auto, JD.com, BYD, and Baidu fell up to 1.8%, NIO closed roughly flat, Tencent rose 0.9%, XPeng, WeRide, and NetEase gained up to 1.8%, Xiaomi rose 2.1%, and Yum China climbed 3.3%. Among ETFs, the China Internet Index ETF (KWEB) closed flat, with a cumulative decline of 4.44% this week, continuing the previous two weeks' declines of 1.44% and 3.02%; the China Technology Index ETF (CQQQ) closed up 1.06%, with a cumulative drop of 1.19% this week, after falling 3.39% and 3.58% in the previous two weeks.