U.S. stock market anomaly | Most popular Chinese concept stocks fell, with New Oriental (EDU.US) falling more than 5%.

According to the Smart Finance APP, on Thursday, the Nasdaq China Golden Dragon Index fell nearly 3%, with most popular Chinese concept stocks declining. New Oriental (EDU.US) dropped more than 5%, TAL Education (TAL.US) dropped over 4%, Alibaba (BABA.US) fell nearly 4%, Tiger Securities (TIGR.US) dropped over 2%, and Futu Holdings (FUTU.US) dropped over 1%. In addition, the Shanghai Composite Index fell by over 2% intra-day, while the Hang Seng Index fell by over 1%. On the news front, the U.S. bond yield remains above 5%, with expectations of global liquidity tightening putting pressure on growth stocks. Combined with technical pressures around the 4200 point level in the A-share index, any slight movement triggers selling pressure.