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The Nasdaq Golden Dragon China Index fell more than 1%. Popular Chinese concept stocks Xpeng fell more than 8.5%, Li Auto fell 6.7%, Xiaopeng fell 3.4%, Weimar fell 3%, Xiaomi fell 2.5%, Baidu, Nio, and JD.com fell more than 2%, Alibaba fell 1.8%, and Yum China fell 0.9%.
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