<p>The Nasdaq Golden Dragon China Index initially fell by 3.5%, and the FTSE A50 night futures are currently down over 0.6%.
Popular Chinese concept stocks Pony AI fell by 12%, Bilibili fell by 9.4%, Alibaba fell by 5.8%, Li Auto, Xiaomi Group ADR, and Tencent Holdings fell over 4%, JD.com and Pinduoduo fell over 3%, XPeng and Baidu fell over 2%, while Nio roughly closed flat.
Chinese concept ETFs YINN fell by about 9%, KWEB fell by 4.4%, and CQQQ fell by 3.4%</p>

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<p>The Nasdaq Golden Dragon China Index preliminarily closed down 3.5%, and the FTSE A50 night futures fell over 0.6%. Popular Chinese concept stocks generally declined, with Pony AI down 12%, Bilibili down 9.4%, and Alibaba down 5.8%. Li Auto, Xiaomi Group ADR, and Tencent Holdings fell over 4%, JD.com and Pinduoduo fell over 3%, while XPeng and Baidu fell over 2%. The Chinese concept ETFs YINN fell about 9%, KWEB fell 4.4%, and CQQQ fell 3.4%</p>