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The Nasdaq Golden Dragon Index closed up 0.94%. Among popular Chinese concept stocks, Xmiles initially rose 4.2%, Alibaba rose 3.3%, Yum China, Tencent, NIO, and Bilibili all rose by at least 2%, Pinduoduo rose more than 1%, TSMC fell 0.5%, New Oriental fell 0.9%, Xiaomi fell 2.4%, and Li Auto fell 5.5%.
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