<p>The Nasdaq Golden Dragon China Index initially closed down 1.5%. Among popular Chinese concept stocks, Bilibili and New Oriental initially closed down over 4%, Li Auto, PDD, NetEase, Baidu, Nio, JD.com, and Alibaba all fell by at least 1%, Tencent rose about 0.2%, XPeng rose 1.7%, and WeRide rose 3.5%. The Chinese concept ETF KWEB fell 1.1%, while CQQQ rose 0.2%</p>

09618

BABA

09988

XPEV

09868

BIDU

09888

<p>The Nasdaq Golden Dragon China Index preliminarily closed down 1.5%. Among popular Chinese concept stocks, Bilibili and New Oriental fell over 4%, while Li Auto, PDD, NetEase, Baidu, Nio, JD.com, and Alibaba all fell over 1%. Tencent rose slightly by 0.2%, XPeng increased by 1.7%, and WeRide rose by 3.5%. The Chinese concept ETF KWEB fell by 1.1%, while CQQQ rose by 0.2%</p>

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