The Nasdaq Golden Dragon China Index fell over 1.6%, hitting a new daily low. Popular Chinese concept stocks such as Bilibili are currently down 8.1%, Fangdd Network down 7.7%, Baidu down 7.1%, JD.com down 5.3%, New Oriental down 2.6%, YUM China, Li Auto, and NetEase are up at most 0.46%, Pinduoduo is up 2.2%, Alibaba is up 2.3%, and Tencent Holdings and XPeng are up 4.6%