Nasdaq Golden Dragon China Index fell by 1.3%.

Among popular Chinese concept stocks, Kingsoft Cloud and Xiaoma Zhixing initially fell more than 8%, Ideal fell more than 6%, ATS Solar, JD.com, Baidu, JinkoSolar, Alibaba, Beike, and NIO fell more than 2%, Daqo New Energy rose 1.9%, Reddy Medicine rose 4.7%, and Yixian E-commerce rose 5%.