Most popular Chinese concept stocks fell, with Weibo falling more than 3%. Tencent Music fell more than 2%, JD.com, NetEase, iQiyi, and Bilibili falling more than 1%. Alibaba, Vipshop, Ideal Automobile, and Baidu also saw a slight decline. NIO and Xiaopeng Motors rose more than 1%, while Pinduoduo and Futu Holdings saw a slight increase.