US Stock Market Move | Hot Chinese concept stocks generally fell, with Futu Holdings Ltd. Sponsored ADR Class A (FUTU.US) falling more than 5%.

On Tuesday, the Nasdaq Golden Dragon Index in China fell by over 1%. Popular Chinese concept stocks overall declined, with Futu Holdings Ltd. Sponsored ADR Class A (FUTU.US) dropping by over 5%, XPeng, Inc. ADR Sponsored Class A (XPEV.US) falling by nearly 4%, UP Fintech Holding Ltd. Sponsored ADR Class A (TIGR.US) declining by over 3%, Li Auto, Inc. Sponsored ADR Class A (LI.US) dropping by nearly 2%, and Alibaba Group Holding Limited Sponsored ADR (BABA.US) falling by over 1%.