On August 7th local time, the US stock market closed with popular Chinese concept stocks falling, and the Nasdaq China Golden Dragon Index fell 1.46%. Xiaopeng Motors fell over 5%, Bilibili fell over 4%, Weibo fell over 3%, NIO fell over 2%, iQiyi, Futu Holdings, and Baidu fell over 1%, while Tencent Music, Vipshop, JD.com, and Alibaba fell slightly. Ideal Auto and NetEase rose by over 1%, while Manbang saw a slight increase.