<p>The Nasdaq Golden Dragon China Index initially fell by 0.8%.
Popular Chinese concept stocks saw Tencent ADR rise by 4.8%, Xiaomi ADR rise by 1.2%, Li Auto rise by 1.2%, NetEase and Alibaba rise by up to 0.5%, XPeng fell by 0.2%, JD.com fell by 0.8%, Baidu fell by 1.8%, Nio fell by 4.3%, Pony.ai fell by 5.2%, and Yum China fell by 7.3%</p>

<p>The Nasdaq Golden Dragon China Index preliminarily closed down 0.8%. Among popular Chinese concept stocks, Tencent ADR rose 4.8%, Xiaomi ADR rose 1.2%, Li Auto rose 1.2%, and NetEase and Alibaba rose no more than 0.5%. In contrast, XPeng fell 0.2%, JD.com fell 0.8%, Baidu fell 1.8%, Nio fell 4.3%, Pony.ai fell 5.2%, and Yum China fell 7.3%</p>

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