NIO - Nio Stock Is Moving Higher Tuesday: What's Going On? | Benzinga
NIO Inc (NYSE:NIO) shares are racing higher Tuesday alongside several U.S.-listed Chinese stocks amid reports of potential China stimulus measures.
What To Know: China-based stocks are leading the market higher Tuesday following several announcements from China’s securities regulator.
Chinese authorities have ramped up efforts to stop its slumping market from falling further after China's CSI 300 hit five-year lows last week.
According to Reuters, China’s securities regulator announced on Tuesday that it would suspend brokerages from borrowing shares for lending and cap re-lending business sizes in an effort to curb short selling. ...