The Nasdaq Golden Dragon China Index experienced a significant decline of 5.05%, with a broad-based fall across popular Chinese stocks. Notably, iQIYI plummeted by over 12%, Li Auto dropped by 8%, and XPeng saw a decline of more than 7%. Additionally, NIO, Alibaba, and Pinduoduo each fell by more than 6%. Other notable stocks, such as Bilibili, Baidu, and JD.com, also witnessed varying degrees of share price depreciation.
