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The Nasdaq Golden Dragon China Index initially fell by 1.8%. Among popular Chinese concept stocks, XPeng dropped by 9.6%, Pinduoduo fell by over 5%, and Alibaba rose by 0.4%

The Nasdaq Golden Dragon China Index initially fell by 1.8%. Among popular Chinese concept stocks, XPeng dropped by 9.6%, Pinduoduo fell by over 5%, and Alibaba rose by 0.4%