The NASDAQ Golden Dragon China Index initially expanded its gains to 1.21%.
Popular Chinese concept stocks saw Nio rise 7.4%, Miniso increase 5.4%, YUM China up 3.4%, Li Auto up 2.8%, ZTO EXPRESS, Zai Ding Pharmaceutical, Bilibili, Baidu, and KINGSOFT CLOUD all rise over 2%, Alibaba up 0.7%, XPeng down 1.2%, and New Oriental down 2.8%.
Among ETFs, KWEB rose 1.14%, CQQQ increased 0.7%, ASHR fell 0.1%, and ASHS dropped 1.3%