<p>The Nasdaq Golden Dragon China Index initially closed down 1.2%. Among popular Chinese concept stocks, Yatsen initially closed down 20%, Canadian Solar down 15%, XPeng down 10%, Pony.ai down 6%, Li Auto down over 4%, Zai Lab down over 3%, Yum China, JD.com, and WeRide at least up over 0.5%, Alibaba up 2.8%, Kingsoft Cloud up 9.1%, and Jinkosolar up 13%. In ETFs, KWEB down 0.6%, CQQQ down 0.9%</p>

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<p>The Nasdaq Golden Dragon China Index preliminarily closed down 1.2%. Among popular Chinese concept stocks, Yatsen fell 20%, Canadian Solar fell 15%, XPeng fell 10%, Pony.ai fell 6%, Li Auto fell over 4%, and Zai Lab fell over 3%. Yum China, JD.com, and WeRide rose over 0.5%, Alibaba rose 2.8%, Kingsoft Cloud rose 9.1%, and Jinkosolar rose 13%. In ETFs, KWEB fell 0.6%, and CQQQ fell 0.9%</p>

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