On August 22nd local time, the US stock market closed with most popular Chinese concept stocks falling, and the Nasdaq China Golden Dragon Index fell 1.52%. IQiyi fell over 15%, NetEase fell over 11%, Bilibili fell over 7%, Baidu fell over 4%, Xiaopeng Motors fell over 2%, Tencent Music, Vipshop, JD.com, Weibo fell over 1%, and Alibaba fell slightly. Ideal Auto rose by over 1%, while Manbang and Futu Holdings saw slight increases.