US Stock Market Move | Hot Chinese concept stocks collectively fell, Alibaba Group Holding Limited Sponsored ADR (BABA.US) fell more than 3%.

On Monday, the Nasdaq Golden Dragon Index fell more than 1%, with popular Chinese concept stocks generally down. Niu Technologies Sponsored ADR Class A (NIU.US) and Alibaba Group Holding Limited Sponsored ADR (BABA.US) both fell more than 3%, while UP Fintech Holding Ltd. Sponsored ADR Class A (TIGR.US) and Li Auto, Inc. Sponsored ADR Class A (LI.US) both fell more than 2%. XPeng, Inc. ADR Sponsored Class A (XPEV.US) and Sohu.com Limited Sponsored ADR (SOHU.US) both fell more than 1%.