Why Nio Stock Is Surging Today
NIO(NIO) The Motley Fool·2024-01-23 17:35Nio (NIO 4.60%) stock was making big gains in Tuesday morning trading, up 8.2% as of 11:30 a.m. ET, according to data from S&P Global Market Intelligence.According to a report from Reuters, China's large government-owned banks are making moves to support the country's currency. The news helped power broad-based gains for Chinese stocks, and the electric vehicle (EV) company is benefiting from the bullish momentum. Selling dollars, buying yuanChina's economy has performed unevenly as that country has emerged ...