Popular Chinese concept stocks mostly fell on Monday, with NIO dropping over 6%.

On Monday, most popular Chinese concept stocks closed lower, with the Nasdaq Golden Dragon Index dropping by nearly 1%. Alibaba and Baidu rose by nearly 1%, while Pinduoduo, Ctrip, Li Xiang, and Xiaopeng all fell by 1%. JD.com and Tencent Music fell by over 3%, Futu fell by over 5%, Beike fell by over 2%, and Nio fell by over 6%.