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The Nasdaq Golden Dragon China Index initially fell by 0.9%. Among popular Chinese concept stocks, TSMC fell by 3.6%, New Oriental EDU & Tech fell by 2.8%, Xiaomi fell by 2.6%, JD.com, NetEase, Baidu, and Alibaba fell by over 1%, while Pinduoduo rose by 0.6%, and Nio and XPeng rose by 4.1%
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