Most of the popular Chinese concept stocks fell, with Xiaopeng Motors falling more than 5%, Futu Holdings and JD.com falling more than 4%, NIO falling more than 3%, Pinduoduo and Tencent Music falling more than 2%, Vipshop, Bilibili, Baidu, Alibaba falling more than 1%, and NetEase falling slightly. Ideal Automobile, iQiyi, and Weibo saw a slight increase.