On October 23rd local time, the majority of popular Chinese concept stocks in the US fell, with the Nasdaq China Golden Dragon Index dropping by over 1%. Pinduoduo fell more than 4%, Futu Holdings fell more than 3%, Alibaba and Baidu fell more than 2%, iQiyi, Tencent Music, Manbang, Weibo, and NetEase fell more than 1%, and JD.com, NIO, and Bilibili fell slightly. Ideal Auto has risen by over 3%, Xiaopeng Motors has risen by over 1%, and Vipshop has seen a slight increase.