Why NIO And Pinduoduo Shares Are Trading Higher Today

Shares of Chinese companies including Pinduoduo Inc. PDD and NIO Inc. NIO are trading higher. Strength has been attributed to hopes of policy easing in the country. Chinese stocks have been highly volatile recently amid regulatory concerns in the tech and education sectors.

NIO designs, develops, manufactures, and sells smart electric vehicles in China. The stock was trading about 3% higher at $45.15 per share on Monday at the time of publication. The stock has a 52-week high of $66.99 and a 52-week low of $12.54.

Pinduoduo, through its subsidiaries, operates an e-commerce platform in the People's Republic of China. The stock was trading about 6.1% higher at $92.82 per share. The stock has a 52-week high of $212.60 and a 52-week low of $69.89.

See also: How to Buy Nio Stock