US Stock Market Move | The Nasdaq Golden Dragon Index of China fell more than 3%, with popular Chinese concept stocks generally declining.

On Monday, the Nasdaq Golden Dragon Index in China fell by over 3%, with popular Chinese concept stocks falling across the board. Fangdd Network Group Ltd Sponsored ADR Class A (DUO.US) fell by over 16%, XPeng, Inc. ADR Sponsored Class A (XPEV.US) fell by over 9%, TAL Education Group Sponsored ADR Class A (TAL.US) fell by over 8%, Alibaba Group Holding Limited Sponsored ADR (BABA.US) fell by over 5%, and Taiwan Semiconductor Manufacturing Co., Ltd. Sponsored ADR (TSM.US) fell by over 3%. On the news front, CITIC SEC pointed out that in the short term, Trump is using a maximum pressure strategy to gain greater benefits, and attention should be paid to the progress of negotiations between countries and industry exemptions. Before that, it is expected that risk appetite will decrease, market volatility will intensify, but we are still in a stage of trading with expected recession.