
News
The Nasdaq Golden Dragon China Index initially closed down 0.5%.
Popular Chinese concept stocks Pinduoduo initially closed down 5.9%, Fangdd Network down 4%, Baidu down 3.3%, YUM China and Li Auto down over 2%, JD.com and Tencent Holdings down over 1%, while New Oriental and NetEase rose up to 0.7%, XPeng rose 3%.
Chinese concept ETFs YINN down 1.8%, KWEB down 1.3%, CQQQ down 0.8%