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The Nasdaq Golden Dragon China Index initially rose by 0.5%. Among popular Chinese concept stocks, Fangdd Network initially rose by 9.4%, Xiaomi and Li Auto rose by about 5% at most, Nio, Alibaba, New Oriental, JD.com, and Pinduoduo rose by more than 3% at most, while TSMC, XPeng, and Yum China fell by about 1.8% at most
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