
News
The Nasdaq Golden Dragon China Index initially fell by 2.2%. Popular Chinese concept stocks Baidu and Nio dropped over 4%, Li Auto, Pinduoduo, JD.com, and Alibaba fell by at least about 3%, XPeng and New Oriental dropped over 2%, Tencent Holdings fell over 1%, while NetEase rose by 0.1%. Chinese concept ETFs YINN fell by 4.6%, KWEB fell by 2.1%, and CQQQ fell by 0.1%