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The Nasdaq Golden Dragon China Index initially rose by 1.2%. Among popular Chinese concept stocks, Nio initially rose by 7%, Li Auto rose by 6.8%, TSMC ADR rose by 3.8%, JD.com rose by 3.2%, Pinduoduo rose by 2.7%, XPeng, Pony AI, Baidu, Bilibili, Alibaba, and Yum China rose by up to 1.8%, while Xiaomi fell by 1.5%
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