The Nasdaq Golden Dragon China Index fell by 1% at the close. Popular China concept stocks New Oriental, Canaan, NIO Inc, and Dada fell by over 2%, with Ideanomics falling by 1.9%. Baidu, PDD Holdings, Yum China, and Xiaopeng had a drop of less than 1%, while Netease and JD.com rose by less than 0.5%. Kuaishou Technology rose by 0.7%, while Douyu and Bilibili rose by a maximum of 1.4%. Luckin Coffee rose by 3.1%.
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