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On Wednesday Eastern Time, the three major US stock indices collectively closed down. As of the close, the Dow Jones Industrial Average fell 0.6%, the Nasdaq fell 1.05%, and the S&P 500 index fell 0.77%. Most popular Chinese concept stocks fell on Wednesday, with the Nasdaq China Golden Dragon Index (HXC) closing down 1.46%. Xiaopeng Motors fell more than 5%.
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