Popular Chinese concept stocks fell more than 3%, with Futu Holdings and Xiaopeng Automobile falling more than 3%, Baidu, Ideal Automobile, JD.com, and Bilibili falling more than 2%, Pinduoduo, NIO, Alibaba, and Tencent Music falling more than 1%, and NetEase, iQiyi, and Vipshop falling slightly. Weibo rose by over 3%.