News
The Nasdaq Golden Dragon China Index initially closed down 1.8%.
Among Chinese concept ETFs, YINN fell over 3%, KWEB and CQQQ fell over 1%, while YANG rose over 3%.
Popular Chinese concept stocks such as XPeng initially closed down 5.6%, Li Auto fell 4.5%, Fangdd Network fell 3.7%, ZEEKR and Pinduoduo fell over 3%, Baidu, NetEase, and Bilibili fell over 2%, Nio fell about 2%, and JD, Yum China, and Alibaba fell at least 1%