The NASDAQ Golden Dragon Index is a stock index released by several US stock research companies that tracks the performance of Chinese concept stocks listed in the US.
Covering multiple industries such as technology, energy, and communications, it provides a market reference standard for investors. The index currently comprises stocks from 38 companies including Ali, JD, Ctrip, NIO, and CNOOC, with a total market value exceeding 680 billion US Dollars.
In a way, the NASDAQ Golden Dragon Index is the night barometer of the Shanghai Stock Exchange Index of Big A.
Because when the Golden Dragon Index rises, Big A may not rise, but when the Golden Dragon Index falls, Big A will invariably fall the next day.
During the seven-day National Day holiday, with the US stock market not taking a break, the continuous decline of the Golden Dragon Index made Big A investors feel something major was coming.
