
News
The Nasdaq Golden Dragon China Index initially fell by 3.6%, with a cumulative increase of 4% in January.
Popular Chinese concept stocks Bilibili and Baidu fell over 4%, Alibaba, JD.com, Fangdd Network, and Nio fell over 3%, while Pinduoduo, Li Auto, Yum China, XPeng, and Tencent Holdings fell over 2%.
Chinese concept ETFs YINN fell by 6.2%, KWEB fell by 3.8%, and CQQQ fell by 2.4%; in January, YINN had a cumulative increase of 11.6%, KWEB rose by 6.8%, and CQQQ rose by 3.7%