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Popular Chinese concept stocks: XPeng initially rose 3.3%, WERIDE-W rose over 1.7%, YUM China rose over 0.7%. Alibaba fell 1.69%, NetEase fell 1.7%, GDS fell 2.07%, Bilibili fell 2.54%, Daqo New Energy fell 2.65%, and Li Auto fell 4.33%

Popular Chinese concept stocks: XPeng initially rose 3.3%, WERIDE-W rose over 1.7%, YUM China rose over 0.7%. Alibaba fell 1.69%, NetEase fell 1.7%, GDS fell 2.07%, Bilibili fell 2.54%, Daqo New Energy fell 2.65%, and Li Auto fell 4.33%