The China Concept Index fell over 0.2%, Pinduoduo dropped over 2%, Bilibili and ZEEKR rose about 2%, YINN fell about 2.8%, and CQQQ rose over 0.3%
The Nasdaq Golden Dragon China Index initially fell over 0.26%, then turned to rise. Popular Chinese concept stocks such as Pinduoduo fell 2.2% in early trading, Baidu dropped 1.3%, New Oriental, Alibaba, Li Auto, and JD.com fell by more than 0.4% at most, Nio remained flat, NetEase and XPeng rose by less than 0.4%, ZEEKR rose 1.5%, Bilibili rose 1.7%, and Fangduoduo rose 2.7%. Among ETFs, the FTSE China 3x Long ETF (YINN) fell 2.77%, the Chinese Internet Index ETF (KWEB) fell 0.44%, the China Technology Index ETF (CQQQ) rose 0.35%, and the FTSE China 3x Short ETF (YANG) rose 2.71%