On October 29th local time, the US stock market closed with popular Chinese concept stocks falling, and the Nasdaq China Golden Dragon Index fell 1.44%. Xiaopeng Motors fell more than 4%, NIO and Weibo fell more than 3%, iQiyi, Ideal Auto, and Tencent Music fell more than 2%, Bilibili and JD.com fell more than 1%, and Vipshop, Pinduoduo, Manbang, and Alibaba fell slightly. NetEase and Futu Holdings rose by over 1%, while Baidu saw a slight increase. Photovoltaic stocks fell sharply, with Daquan New Energy falling nearly 23%, Jinko Solar falling nearly 13%, and Atenza Solar falling nearly 10%.