Popular Chinese concept stocks experienced mixed performance on Tuesday, with Xiaopeng Motors and NIO both rising by over 4%.

On Tuesday, popular Chinese concept stocks showed mixed movements, with the Nasdaq Golden Dragon Index dropping by 0.9%. TSMC fell by over 3%, while Alibaba, NetEase, JD.com, Baidu, and Bilibili all fell by over 1%, and Futu Holdings fell by over 2%. Xpeng and Nio rose by over 4%, while Li Auto fell by nearly 1%.