On December 10th local time, the Nasdaq China Golden Dragon Index closed down 4.34%, with popular Chinese concept stocks collectively falling. Tiger Securities fell more than 14%, Futu Holdings fell more than 11%, Bilibili fell more than 11%, NIO fell more than 7%, Xiaopeng Motors fell more than 6%, Pinduoduo and Ideal Auto fell more than 5%, and NetEase, JD.com, and Baidu fell more than 4%.