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The Nasdaq Golden Dragon China Index closed down 0.2% initially. Popular Chinese concept stocks Xiaoma Zhixing fell 7.7%, Bilibili fell 4.7%, Xiaopeng fell 3.4%, Li Xiang, Wenyuan Zhixing, and Weilai fell more than 1.5%, Alibaba fell 0.5%, JD.com, Pinduoduo, and Yum China rose by up to 0.6%, Tencent rose 1.6%, and Xiaomi rose 3.4%.
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