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The Nasdaq Golden Dragon China Index initially fell by 2.1%. Among popular Chinese concept stocks, Pony AI and Baidu initially fell by 4.9%, Alibaba fell by 3.5%, XPeng fell by 3.5%, Li Auto and WeRide fell by over 2%, JD.com, Xiaomi Group ADR, Pinduoduo, and Yum China fell by over 1%
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