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The Nasdaq Golden Dragon China Index rose by 0.7% initially. Among popular Chinese concept stocks, NIO rose by 6.7%, Bilibili rose by 4.2%, Li Auto rose by 3.6%, Alibaba, NetEase, and XPeng rose by more than 1%, JD.com, Xpeng, and Baidu fell by more than 1%, Pinduoduo fell by 2.3%, and New Oriental fell by 2.5%.
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