Stock Track | NIO Inc. Soars 10.74% as China Shifts to First Looser Monetary Policy Since 2011 to Bolster Growth

Stock Track

Dec 09, 2024

NIO Inc., a leading Chinese electric vehicle maker, witnessed a remarkable surge of 10.74% in its stock price during the Monday morning trading session. This significant upswing was driven by China's pivotal decision to embrace a "moderately loose" monetary policy stance for the first time since 2011, aimed at bolstering the country's economic growth.

China's top leaders, comprising the ruling Communist Party's senior officials, announced their intention to adopt a more accommodative monetary strategy in 2025. This marked a significant shift from the previous "prudent" policy approach maintained since the aftermath of the Global Financial Crisis. Additionally, officials signaled a "more proactive" fiscal policy, indicating increased government spending to stimulate domestic demand and support the struggling property markets.

The announcement sparked a broad rally in Chinese equities and related ETFs, with electric vehicle makers like NIO, Xpeng, and Li Auto leading the charge. Overnight trading witnessed a surge in these stocks, with Xpeng and Li Auto climbing over 6%, while NIO's ADRs gained over 5% in pre-market trading.

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Soars 10.74% as China Shifts to First Looser Monetary Policy Since 2011 to Bolster Growth\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-12-09 22:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NIO Inc., a leading Chinese electric vehicle maker, witnessed a remarkable surge of 10.74% in its stock price during the Monday morning trading session. 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