
News
The Nasdaq Golden Dragon China Index initially closed down 2.5%.
Among popular Chinese concept stocks, Daqo New Energy initially closed down more than 9%, Bilibili and CSI Solar dropped over 6%, VNET Group declined by 5.8%, PDD decreased by 4.9%, while NEW ORIENTAL-S, XPENG, Alibaba, Baidu, NIO, and NetEase each fell at least approximately 3%.
KWEB dropped 2.9%, and CQQQ fell 2.7%.

