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The Nasdaq Golden Dragon China Index closed up 0.5% initially. Popular Chinese concept stocks Xiaomi rose 3.9%, Tencent rose 2.2%, Baidu, JD.com, NetEase, and Alibaba rose more than 1%, while Xiaopeng fell 0.2%, NIO fell 0.7%, Li Auto fell 1.8%, New Oriental fell 3.4%, and Xiaoma Zhixing fell 9.5%. Chinese concept ETF YINN rose 2.9%, DRAG and KWEB rose 1.3%, and CQQQ rose 0.5%.
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