Nasdaq Golden Dragon China Index Drops Over 2%, Baidu Plunges More Than 7%

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The Nasdaq Golden Dragon China Index, a key gauge tracking U.S.-listed Chinese companies, fell more than 2%.

Shares of Baidu (BIDU) experienced a sharp decline, dropping over 7%.

NIO Inc. (NIO) and XPeng Inc. (XPEV) also saw significant losses, each falling more than 3%.

Alibaba's (BABA) shares were down, declining over 1%.

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