<p>The Nasdaq Golden Dragon China Index initially fell by 2%. Popular Chinese concept stocks XPeng Motors fell by 9.7%, Nio fell by 6.9%, Pinduoduo fell by 6%, Baidu fell by 4.5%, NetEase, Bilibili, and ZEEKR fell by over 3%, Tencent, IM Motors, and Yum China fell by over 1%, while JD.com rose by 0.7%</p>

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<p>The Nasdaq Golden Dragon China Index closed down 2% initially, with popular Chinese concept stocks XPeng Motors falling by 9.7%, Nio by 6.9%, Pinduoduo by 6%, Baidu by 4.5%, NetEase, Bilibili, and ZEEKR falling by over 3%, Tencent, IM Motors, and Yum China falling by over 1%, while JD.com rose by 0.7%</p>

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