Popular Chinese concept stocks fell more than 10%, with NIO falling more than 10% and Bilibili falling more than 6%. Ideal Automobile and Xiaopeng Automobile fell more than 5%, JD.com fell more than 4%, Futu Holdings fell more than 3%, Baidu, Vipshop, Tencent Music, and Pinduoduo falling more than 2%, and Weibo, iQiyi, Alibaba, and NetEase fell more than 1%.