U.S. stocks anomaly | Popular Chinese concept stocks started lower in early trading, with Canaan Inc. (CAN.US) falling more than 7%.

According to the Zhtng Financial APP, on Thursday, the Nasdaq Golden Dragon Index fell nearly 2%, with popular Chinese concept stocks starting off lower. Jinn Kj (CAN.US) fell over 7%, TAL Education Group (TAL.US) fell over 4%, Li Auto (LI.US), XPeng Inc. (XPEV.US), and Alibaba (BABA.US) fell over 3%. In terms of news, the U.S. July PPI annual rate was 3.3%, significantly higher than the market's expected 2.5%, reaching a high since February. After the release of U.S. economic data, interest rate futures traders reduced their bets on a Fed rate cut.