On August 8th local time, the US stock market closed with popular Chinese concept stocks generally rising, while the Nasdaq China Golden Dragon Index rose by 2.80%. Baidu rose over 5%, NIO rose over 4%, Weibo, Xiaopeng Motors, Vipshop, Alibaba rose over 3%, Ideal Auto, JD.com, Futu Holdings, NetEase, Tencent Music rose over 2%, Manbang rose over 1%, and iQiyi rose slightly.