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The Nasdaq Golden Dragon China Index initially closed down 0.66%. Popular Chinese concept stocks Baidu initially closed down 4.2%, Pony AI fell 3.6%, YUM China and Fangdd Network fell up to 2.9%, Xiaomi, New Oriental EDU & Tech, and Alibaba fell at least 1.3%, while Li Auto rose 3.2%, XPeng rose 12.6%, and WeRide rose 21.3%
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