The China Concept Index fell by about 1%, with Bilibili, Baidu, and Pinduoduo dropping over 3%, while Nio, XPeng, and Li Auto rose by up to about 3%

The Nasdaq Golden Dragon China Index fell by more than 0.977%. Popular Chinese concept stocks such as Bilibili fell by 3.5%, YUM China fell by 3.4%, Baidu fell by 3.3%, Pinduoduo fell by 3.2%, and NetEase, New Oriental, Alibaba, and Tencent Holdings fell by over 1%. Nio rose by 1.4%, Li Auto rose by 2.9%, and XPeng rose by 2.9%. The Chinese concept ETF YINN fell by 3%