The Nasdaq Golden Dragon China Index initially closed down 1.7%. 
Popular Chinese concept stocks Fangdd Network initially closed down 8.5%, Nio down 4.1%, New Oriental EDU &amp; Tech down 3.3%, Pinduoduo down 3.3%, Xiaomi Group ADR down 3%, NetEase down 2.9%, JD.com down 1.5%, Li Auto down 1.4%, Bilibili down 1.2%, Alibaba down 1.2%, XPeng down 0.9%, Tencent Holdings down 0.8%, while Baidu rose 0.1%, and Pony.ai rose 1.4%. 
Chinese concept ETFs YINN down 5.4%, DRAG down 3%, CQQQ down 2.5%, KWEB down 1.9%

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The Nasdaq Golden Dragon China Index preliminarily closed down 1.7%. Among popular Chinese concept stocks, Fangdd Network had the largest decline, preliminarily closing down 8.5%; Nio fell 4.1%; New Oriental EDU & Tech and Pinduoduo each fell 3.3%; Xiaomi Group ADR fell 3%; NetEase fell 2.9%; JD.com fell 1.5%; Li Auto fell 1.4%; Bilibili and Alibaba each fell 1.2%; XPeng fell 0.9%; Tencent Holdings fell 0.8%; Baidu slightly rose 0.1%; Pony.ai rose 1.4%. The Chinese concept ETF YINN fell 5.4%, DRAG fell 3%, CQQQ fell 2.5%, and KWEB fell 1.9%

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