US Stock Market Move | Popular Chinese concept stocks generally fell in pre-market trading. XPeng, Inc. ADR Sponsored Class A (XPEV.US) fell more than 6%.

On Tuesday, popular Chinese concept stocks fell across the board in pre-market trading, with XPeng, Inc. ADR Sponsored Class A (XPEV.US) dropping more than 6%, Li Auto, Inc. Sponsored ADR Class A (LI.US), Alibaba Group Holding Limited Sponsored ADR (BABA.US) falling more than 4%, UP Fintech Holding Ltd. Sponsored ADR Class A (TIGR.US), and New Oriental Education & Technology Group, Inc. Sponsored ADR (EDU.US) dropping over 3%. On the news front, as signs of escalation in the conflict between the US and Iran appeared on the fourth day, the market began to worry that the duration of this war may exceed expectations, with futures for the three major US stock indices all falling more than 1%, and major European indices generally experiencing significant drops.