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