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The Nasdaq Golden Dragon China Index initially rose by 1.2%. Popular Chinese concept stocks Fangdd Network initially rose by 9.1%, YUM China rose by 7.5%, XPeng rose by 5.1%, Pinduoduo, Nio, Alibaba, and Baidu rose by up to 1.5%. ZEEKR fell by 0.8%, JD.com fell by 1.4%, and Li Auto fell by 1.6%