<p>The Nasdaq Golden Dragon China Index initially closed down 1.3%.
Popular Chinese concept stocks JD.com initially closed down 3.6%, Baidu and Li Auto fell over 1%, Alibaba, Tencent, Nio, and Bilibili fell by about 0.8% at most, Pinduoduo, New Oriental, Fangduoduo, and XPeng rose by up to 0.9%, NetEase rose 1.6%, and ZEEKR rose 8.4%</p>

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<p>The Nasdaq Golden Dragon China Index initially fell by 1.3%. Among popular Chinese concept stocks, JD.com dropped by 3.6%, Baidu and Li Auto fell by over 1%, while Alibaba, Tencent, Nio, and Bilibili declined by about 0.8%. Pinduoduo, New Oriental, Fangduoduo, and XPeng saw gains of no more than 0.9%, NetEase rose by 1.6%, and ZEEKR increased by 8.4%</p>

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