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The Nasdaq Golden Dragon China Index fell over 1%. Popular Chinese concept stocks Pony AI dropped over 8.5%, Li Auto fell 6.7%, XPeng declined 3.4%, WeRide decreased 3%, Xiaomi dropped 2.5%, Baidu, Nio, and JD.com fell over 2%, Alibaba dropped 1.8%, and YUM China fell 0.9%
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