Most Chinese ADRs fell on August 28, and the Nasdaq Golden Dragon China Index (HXC) closed down 0.74%. According to Sina Finance, among the gainers by market value, TSMC rose 2.30%, ASE Technology rose 4.40%, United Microelectronics rose 0.21%, Chunghwa Telecom rose 0.16%, Baidu rose 3.95%, Li Auto rose 0.33%, New Oriental rose 0.38%, Bilibili rose 3.81%, GDS Holdings rose 2.92%, Webull rose 9%, Pony AI rose 3.30%, Kingsoft Cloud rose 3.52%, and WeRide rose 1.69%.

Among the decliners by market value, Alibaba fell 2.94%, PDD Holdings fell 2.36%, NetEase fell 0.60%, JD.com fell 0.97%, Trip.com fell 1.17%, KE Holdings fell 0.78%, Futu Holdings fell 2.18%, ZTO Express fell 0.61%, Huazhu Hotels fell 2.69%, Tencent Music fell 1.59%, NIO fell 0.23%, XPeng fell 3.25%, Full Truck Alliance fell 0.57%, Silergy fell 3.05%, BOSS Zhipin fell 4.46%, Vipshop fell 4.33%, MINISO fell 5.34%, and NetEase Youdao fell 2.08%.