The China Concept Index fell over 1%, and Tencent's ADR dropped about 10%
The Nasdaq Golden Dragon China Index fell over 1%. Among popular Chinese concept stocks, Miniso fell over 11%, Kingsoft Cloud fell 6.6%, Qifu Technology fell 5.1%, Atour fell 4.2%, Li Auto fell 3.2%, Trip.com fell 3.2%, and H World fell 2.6%. In addition, Tencent Holdings' pink sheet market fell 9.7%