U.S.-listed shares of Chinese EV startups Li Auto Inc. LI, Nio Inc. NIO, and Xpeng Inc. XPEV rose as high as 7.3% in premarket trading on Tuesday after President Donald Trump‘s inauguration even as shares of California-based EV startup Rivian Automotive Inc. RIVN fell. What Happened: Trump on Monday revoked a 2021 executive order signed…
The Chinese market, which reopened on Tuesday after a weeklong public holiday, was pressured on Wednesday as domestic traders did not get the additional stimulus they had factored in. Come Thursday, things took a turn for the better as the People’s Bank of China announced measures to boost the stability of the domestic equity market. What Happened:…
After weeks of soaring performance that positioned Chinese stocks among the best global performers year-to-date, a sharp selloff swept across Chinese markets overnight, with the Hang Seng Index in Hong Kong plummeting more than 9% on Tuesday. The massive drop marks the index’s worst single-day loss since October 2008, during the height of the global…
China stocks are taking a breather on Thursday after staging an impressive rally in recent weeks on the back of mounting stimulus optimism. Here’s a look at what’s going on. What To Know: Chinese indices ended their 13-day win steak on Thursday as markets tilted to risk-off amid rising concerns over ongoing Middle East tensions,…
Electric vehicle stocks finished the week ended Sept. 20 on a mixed note despite the positive performance by the broader market. Tesla, Inc. TSLA rose to its highest level since late July amid some positive catalysts. Here’s a rundown on what happened in the EV space during the week: Tesla China, Europe Sales: China weekly…