US Stock Market Move | Nasdaq Golden Dragon China Index fell more than 3% in early trading, with popular Chinese concept stocks falling across the board.

On Friday, the Nasdaq Golden Dragon China Index fell more than 3% at the opening, with popular Chinese concept stocks generally declining. UP Fintech Holding Ltd. Sponsored ADR Class A (TIGR.US) dropped more than 5%, Li Auto, Inc. Sponsored ADR Class A (LI.US) and Trip.com Group Ltd. Sponsored ADR (TCOM.US) both fell more than 3%, while Alibaba Group Holding Limited Sponsored ADR (BABA.US) and New Oriental Education & Technology Group, Inc. Sponsored ADR (EDU.US) dropped over 2%. It is worth noting that A-shares and Hong Kong stocks also showed weakness today, with the Shanghai Composite Index falling 1.33% and the Hang Seng Index dropping 0.92%.