On September 12th local time, the majority of popular Chinese concept stocks in the US fell, with the Nasdaq China Golden Dragon Index dropping by 0.79%. NIO and Xiaopeng Motors fell over 5%, Futu Holdings fell over 4%, Ideal Auto fell over 3%, and Manbang, Bilibili, and NetEase fell over 1%. Pinduoduo rose by over 2%, while Alibaba, JD.com, Weibo, Baidu, and Vipshop saw slight increases.