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The Nasdaq Golden Dragon China Index initially closed down 0.1%. Popular Chinese concept stocks Nio fell 3.9%, Tencent fell 2%, Alibaba fell 1.2%, while Pinduoduo and NetEase rose 1.7%, Bilibili rose 2.5%, ZEEKR rose 3.4%, and XPeng rose 9.4%. Chinese concept ETF YANG rose 3.3%, CQQQ rose 1.2%, while KWEB fell 0.5%, and YINN fell 3.3%