The Nasdaq Golden Dragon Index dropped more than 1% on Monday, with popular U.S.-listed Chinese stocks experiencing broad declines. Alibaba (BABA.US) fell over 3%, while XPeng Inc. (XPEV.US) and Li Auto (LI.US) each declined more than 2%. Niu Technologies (NIU.US) dropped 2%, and Futu Holdings Limited (FUTU.US) slid nearly 2%.
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