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Popular Chinese concept stocks: Li Auto initially rose about 13%, XPeng rose 5.9%, Bilibili, Alibaba, YUM China, JD.com, Tencent Holdings, Baidu, and NetEase rose by more than 3% at most, while Pony.ai fell by more than 9%.
The Nasdaq Golden Dragon China Index initially rose 0.5%, and the FTSE A50 night futures are currently up 0.2%.
Chinese concept ETFs: YINN rose 3.2%, "China Dragon" DRAG rose 2.5%, CQQQ rose 0.8%, and KWEB rose by more than 0.3%