What's Going On With Nio Stock

Nio Inc - ADR NIO shares are trading higher by 5.27% to $12.39 Monday morning. Shares of several Chinese tech stocks at large are trading higher after Chinese President Xi Jinping committed to investing in core technologies.

What Happened?

Chinese President Xi Jinping, in his Sunday speech that laid out the Communist Party’s agenda for the country over the next five years, has struck an optimistic note on technological development, stressing the need to focus on winning battles in important core technologies.

“We will focus on national strategic needs, gather strength to carry out indigenous and leading scientific and technological research...Read More

See Also: As China Weakness, PC Market Downturn Take Toll On Semiconductor Sector Ahead Of Q3 Results, Analyst Recommends These Chip Stocks

According to data from Benzinga Pro, Nio has a 52-week high of $44.27 and a 52-week low of $11.67.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: MoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!