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