Baidu's US stock rose over 3% in early trading, Li Auto rose over 2%, YINN rose over 1%, while Bilibili and Tencent fell over 2%
The Nasdaq Golden Dragon China Index rose more than 0.4% in early trading.
Popular Chinese concept stocks Jinko Solar and Baidu rose over 3%, EHang, Miniso, Tiger Brokers, and Li Auto rose over 2%, Daqo New Energy, Alibaba, and NetEase rose at least 1%, Canadian Solar, Vipshop, and New Oriental rose up to 0.98%, while Beike fell 0.9%, Manbang fell 1.9%, Bilibili fell 2.6%, Tencent Music fell 2.7%, and Kingsoft Cloud fell 3.1%.
Among ETFs, the FTSE China 3x Long ETF (YINN) rose 1.2%, the China Technology Index ETF (CQQQ) fell 1.6%, the Chinese Internet Index ETF (KWEB) fell 0.3%, and the FTSE China 3x Short ETF (YANG) fell 2.3%