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The Nasdaq Golden Dragon China Index closed down by 0.3% initially. Popular Chinese concept stocks New Oriental closed up by 4.1%, Bilibili up by 1.5%, NetEase, Pinduoduo, JD.com, and Alibaba up by approximately 1%, Li Auto down by 0.5%, Baidu down by 1.2%, Tencent ADR down by 1.3%, NIO down by 2%, XPeng down by 6.7%, and Pony.ai down by 7%. Chinese concept ETF KWEB rose by 0.5%, CQQQ rose by 0.3%.
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