Popular Chinese concept stocks mostly closed down, with Baidu falling more than 6%.

On Thursday, popular Chinese concept stocks closed universally lower, with the Nasdaq Golden Dragon Index down 1.59%. Alibaba rose more than 1%, Pinduoduo fell more than 1%, JD.com fell more than 1%, Baidu fell more than 6%, and Xiaopeng, Futu, and NIO fell more than 3%.