Popular Chinese concept stocks fell more than 11%, with Bilibili falling more than 11%, Ideal Automobile falling more than 5%, Xiaopeng Automobile falling more than 4%, iQiyi and Weibo falling more than 3%, Alibaba, JD.com, and Futu Holdings falling more than 2%, Baidu falling more than 1%, Tencent Music, Vipshop, NetEase, and NIO falling slightly. Pinduoduo rose nearly 2%.