Zhi Tong Cai Jing·2026-02-26 16:06Core Viewpoint - The Nasdaq Golden Dragon China Index fell over 2%, with most popular Chinese concept stocks declining, indicating a bearish trend in the market [1] Group 1: Market Performance - The Nasdaq Golden Dragon China Index dropped more than 2%, with notable declines in stocks such as Beike (BEKE.US) down nearly 6%, Li Auto (LI.US) and Xpeng Motors (XPEV.US) down over 4%, Alibaba (BABA.US) down over 3%, and New Oriental (EDU.US) down over 2% [1] - The Hang Seng Tech Index fell by 2.87%, reaching its lowest point since July of last year, and has corrected over 23% from its peak in October of last year [1] - The Hang Seng Index and the China Enterprises Index decreased by 1.44% and 2.44%, respectively [1] Group 2: Analyst Insights - UBS analysts suggest that concerns surrounding AI have created buying opportunities [1] - Chinese tech giants currently have capital expenditures significantly lower than their U.S. counterparts, indicating potential for growth [1] - It is anticipated that major domestic cloud service providers will announce plans to increase their spending in the upcoming earnings season [1]