It's Bargain Hunting Time For Chinese EV Stocks!
@koolgal:
🌟🌟🌟This week Ratings Agency Moody cut its outlook on China's credit rating to negative from stable saying that the country faces an economic slowdown. However other global ratings agencies Fitch Ratings and S&P Global Ratings made no changes. Fitch affirmed China's A+ rating with a stable outlook in August while S&P Global said on Wednesday December 6 that it has retained China's A+ rating with a stable outlook. Chinese EV stocks fell after the news of Moody's rating. However according to Reuters, foreign capital recorded a net inflow via the northbound trading link on Wednesday December 8 2023. $NIO Inc.(NIO)$ fell 1.4% on Friday. However Nio's share price bounce