Stock Track | NIO Plunges 5% in Night Session as China ADRs Sell Off

Stock Track

2024-12-10

NIO Inc. shares plummeted 5.02% in Monday's night trading session, underperforming the broader selloff in U.S.-listed Chinese stocks.

The electric vehicle maker's stock decline came amid a wider selloff in Chinese American Depositary Receipts (ADRs) and exchange-traded funds (ETFs) tracking Chinese equities. According to the report, the China ADR ETF CHAU and the leveraged bull China ETF YINN both dropped around 7%, while video-sharing platform Bilibili lost 6%, and EV rivals Xpeng and NIO slid 4% and 3%, respectively.

The overnight selloff in Chinese stocks followed a robust rally in the prior session, fueled by expectations of looser monetary policy in China next year. State media reported that China will adopt an "appropriately loose" monetary policy in 2024 to support economic growth, marking the first such shift towards easing since 2010.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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