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The Nasdaq Golden Dragon China Index initially rose by 0.9%. Among popular Chinese concept stocks, XPeng rose by 2.7%, Meituan, Tencent, WeRide, Nio, NetEase, and YUM China rose by up to 1.7%, Pinduoduo rose by 0.8%, New Oriental, Li Auto, and Alibaba rose by at least about 0.2%
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