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

Stock Track12-10

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.

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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.</p>\n\n<p>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.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132527051","content_text":"NIO Inc. shares plummeted 5.02% in Monday's night trading session, underperforming the broader selloff in U.S.-listed Chinese stocks.\nThe 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. 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