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The Nasdaq Golden Dragon China Index closed down 1.7% initially. Popular Chinese concept stocks Weibo fell 5.2%, Li Auto fell 4.4%, Yum China, Nio, and Baidu fell over 1%, and Tencent rose 0.5%. The Chinese concept ETF YINN fell 3.2%, KWEB fell 1.3%, CQQQ fell 0.8%, and DRAG fell 0.7%.
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