NIO - Nio Stock Is Racing Higher: What's Going On? | Benzinga
NIO Inc (NYSE:NIO) shares are trading higher Monday alongside several Chinese stocks amid multiple developments. Here’s a look at what’s going on.
What To Know: Several China-based stocks are rising Monday following the National People's Congress event, which lasted from March 5 to Monday.
According to Bloomberg, China stocks rallied after China revealed its 2024 economic growth target of 5% at the conference, which was in line with expectations. Very few negatives reportedly came out of the event.
Separately, consumer prices in China rose for the first time in six months after CPI climbed 0.7% year-over-year in February, ...