On November 21st local time, the Nasdaq China Golden Dragon Index closed down 1%, with most popular Chinese concept stocks falling. Pinduoduo fell more than 10%, iQiyi fell more than 7%, Baidu fell nearly 6%, Futu Holdings fell more than 4%, Xiaopeng Motors fell more than 2%, and Alibaba, Zhihu, and Bilibili fell more than 1%. NIO and New Oriental have risen by over 1%.