Shares of Chinese language corporations, together with Nio Inc – ADR NIO, are buying and selling decrease as traders assess the financial impression of a surge in COVID circumstances in China.
In response to an SCMP report, Hong Kong will begin easing social-distancing guidelines which have been in place for months from April 21, together with an extension of dine-in hours for eating places. It added that folks can be permitted to take off their masks when visiting parks and exercising outside.
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Nio operates in China’s premium electrical automobile market. The corporate designs and collectively manufactures, and sells good and related premium electrical automobiles, driving improvements in next-generation applied sciences in connectivity, autonomous driving and synthetic intelligence.
In response to information from Benzinga Professional, Nio is buying and selling decrease by 4.21% at $19.55. Nio has a 52-week excessive of $55.13 and a 52-week low of $13.01.
