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The NASDAQ Golden Dragon China Index initially rose by 1.8%. Among popular Chinese concept stocks, XPeng initially rose by 6.4%, BYD rose by 6%, Meituan rose by 5.7%, Li Auto and Nio rose by over 3.8%, Baidu rose by 2.9%, Tencent rose by 2.4%, Alibaba rose by 1.4%, NetEase fell by 0.1%, and WeRide fell by 1.4%
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