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Nio Stock Jumps, It's Not Just About a New Car

Dow Jones2022-06-15

Nio stock was soaring after the Chinese electric-vehicle maker announced a new car. The big move, however, may have more to do with hopes for the Chinese economy than any individual car.

Nio stock has gained 16.7% to $18.66 on Tuesday ahead of a launch event on Wednesday. The company is expected to reveal its much-anticipated ES7 SUV -- it teased a video of something -- and the hope is that it will help drive new sales through 2022.But Nio is also benefiting from what looks to be a reassessment of Chinese stocks by investors. While the S&P 500 has fallen 0.3% and the Dow Jones Industrial Average is off 0.5%, the iShares MSCI China ETF has gained 3.1%. That's helped boost not only Nio, but Li Auto, which is up 10.9%, XPeng, which has risen 7.52%, and Alibaba Group Holdings, which is up 6.8%.

What's brought Chinese stocks, which have gotten pummeled, back into favor, at least for one day. After another series of near-total Covid-19 lockdowns, the economy has started to reopen, while policy makers are starting to take steps to ease monetary conditions at a time when the U.S. Federal Reserve is set to raise interest rates by the most since the 1990s.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment74

  • shawnshawn
    ·2022-06-15
    Cool
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  • Steven Tay
    ·2022-06-15
    Ok
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  • WayneCai
    ·2022-06-15
    Ok
    Reply
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  • tigernaut
    ·2022-06-15
    👍🏻
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  • JimmySiew
    ·2022-06-15
    Ok
    Reply
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  • tanwwwww
    ·2022-06-15
    Like please 
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  • JoeKun
    ·2022-06-15
    Ok
    Reply
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  • zolluA
    ·2022-06-15
    cool
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  • Halim77
    ·2022-06-15
    Wait or buy with the impending stock split?
    Reply
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  • TeslaLegend
    ·2022-06-15
    Nice 
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  • Susan88888
    ·2022-06-15
    Ok
    Reply
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  • DarkFate
    ·2022-06-15
    Like 
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  • J4
    ·2022-06-15
    👍
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  • davidmingwei
    ·2022-06-15
    Ok
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  • davidmingwei
    ·2022-06-15
    Ok
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  • BIGpotato
    ·2022-06-15
    Wow
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  • KAZU
    ·2022-06-15
    NIO will reach $100
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  • bulbabro
    ·2022-06-15
    Leggo nio
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  • JoyJoyce
    ·2022-06-15
    Ok
    Reply
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  • Flyboy
    ·2022-06-15
    Ok
    Reply
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