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The Nasdaq Golden Dragon China Index closed down by 1.3% initially. Among popular Chinese concept stocks, Baidu closed down by 7.4%, Nio down by 3.1%, New Oriental and JD.com down by over 1%, Pinduoduo and Tencent up by at most 0.3%, Bilibili up by 1.3%, Li Auto up by 1.7%, and We Education up by 2.1%.
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