On August 5th local time, the US stock market closed with most popular Chinese concept stocks falling, while the Nasdaq China Golden Dragon Index rose 0.25%. NIO fell nearly 4%, Xiaopeng Motors and Futu Holdings fell over 3%, Baidu and NetEase fell over 2%, Ideal Auto and iQiyi fell over 1%, while Manbang, JD.com, Alibaba, Weibo, and Tencent Music fell slightly. Vipshop and Bilibili have risen by over 3%.