The China Concept Index fell by about 1.2%, Vnet dropped by 5%, Kingsoft Cloud fell over 3.1%, GDS declined by about 2.9%, and Alibaba decreased by 2.3%

The Nasdaq Golden Dragon China Index's initial decline has expanded to 1.18%.

Popular Chinese concept stocks: Vnet fell 5%, Kingsoft Cloud fell 3.16%, GDS fell 2.88%, Daqo New Energy, Li Auto, Vipshop, and Alibaba all fell at least 2.3%, Zai Lab fell 2.1%, and Pinduoduo fell 0.2%.

Huazhu is currently up 0.9%, WeRide is up 1.4%, and NetEase is up 1.4%.

Among ETFs, KWEB fell 1.64%, MCHI fell 1.6%, ASHR fell 0.99%, CQQQ fell 0.94%, and EMXC rose 0.14%.

The FTSE A50 night futures decline has now expanded to 0.26%