Most popular Chinese stocks fell on Wednesday, with the NASDAQ Golden Dragon Index falling 2.83%.

Tuniu Corp rose by more than 20%, Missfresh Limited by more than 7%, Shang Cheng Division by more than 6%, Bilibili Inc. and Tuya Inc. by more than 5%, Infobird Co., Ltd, BeiGene, Ltd. and NetEase, Inc youdao by more than 3%, Yatsen, Dingdong (Cayman) Limited and Mogu Inc by more than 1%.

Qutoutiao and Co-Education fell more than 11%, Kaixinqic fell more than 10%, Zhihu Inc. fell more than 9%, Niu Technologies, Kingsoft Cloud Holdings, Hello Group fell more than 8%, Energy Monster fell more than 7%, BEST Inc, Yaduo Group, Luokung Technology, KE Holdings Inc fell more than 6%, XPeng, LIZHI INC, 36Kr Holdings, Youxin, HUYA Inc. fell more than 5%, NIO Inc., 360 DigiTech Inc, Chindata Group Holdings Limited, iQIYI, Inc., The9 Ltd fell over 4% Xunlei, Fangdd Network Group Ltd., JOYY Inc Group, Tencent Music, KANZHUN LIMITED, China Online Education, Alibaba, Waterdrop, JD.com, Autohome Inc fell more than 3%, Kuke Music Holding Limited, Trip.com, Onion Group, Baidu, Li Auto fell more than 2%. RLX Technology, Dada Nexus, Sohu.com Ltd, DouYu International Holdings Limited, Vipshop Holdings Limited, Pinduoduo, So-young International, Canaan, Cheetah Mobile.

U.S. stocks closed mixed on Wednesday, with the Dow up 1.58 points at 33597.92, the Nasdaq down 56.34 points, or 0.51% at 10958.55, and the S & P 500 down 7.34 points, or 0.19%, at 3933.92. The S & P 500 fell for the fifth day in a row.

Investors worry that the Fed may raise interest rates for longer than expected, leading to a recession. A number of major banks on Hua'er Street issued an early warning of a recession in the United States.

Led the rise in the list of Chinese stocks:

List of Chinese stocks leading the decline: