Nio Inc - ADR NIO shares are trading lower by 7.30% to $7.68 Tuesday morning amid U.S.-China tensions and concerns over China's economic recovery. Ongoing geopolitical tensions, worries over a new COVID wave and concerns over a slow economic recovery in China have sent NIO shares lower by some 16% over the trailing week.
See Also: Micron Tech Gets Caught In US-China Tensions, Lands South Korea In Sticky Situation
What Else Is Going On In China?
As the world's second-largest economy recovers from the sudden opening of its zero-COVID policies late last year, air travel in the country is ramping up quickly.
Domestic and international flights in China have been shooting up since January, and they're getting very close to pre-pandemic levels...Read More
According to data from Benzinga Pro, NIO has a 52-week high of $24.43 and a 52-week low of $7.63.
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