Most of the popular Chinese concept stocks fell, with JD dropping more than 2%. Most of the popular Chinese concept stocks fell, with JD, Bilibili, Baidu, Tencent Music, and Weibo dropping more than 2%. NetEase and Vipshop dropping more than 1%, while Xiaopeng Automobile, Alibaba, and Ideal Automobile slightly declined. Futu Holdings and iQiyi rose by over 1%, while NIO rose slightly.