Huya

Chinese Tech Stocks Are Crushing the Nasdaq

The Golden Dragon Index ($HXC) has surged 9 percent in the last month and is up 28 percent so far in 2019. That’s more than twice the gains of the Nasdaq-100 and SPDR Technology Fund (XLK) over the same periods.

Chinese Tech Stocks Come to Life

The PowerShares GoldenDragon Halter Index ($HXC) is up more than 3 percent today and on pace for its highest close since early October. The gains follow two weeks of consolidation above the 50-day moving average, a potential sign that momentum has turned.