The three major U.S. stock indexes opened slightly higher, while the Nasdaq Golden Dragon China Index fell more than 2%.
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Gronghui, May 22|At the US stock market opening, the Dow Jones rose 0.58%, the S&P 500 index increased by 0.41%, and the Nasdaq gained 0.37%. Chinese concept stocks declined, with the Nasdaq Golden Dragon China Index dropping 2.2%. Most popular Chinese concept stocks fell across the board: NIO fell 7%, Baidu decreased by 3%, KE Holdings dropped 4%, and Alibaba fell 3%.
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