Why Is NIO Stock Up Today?

It isn’t easy investing in Chinese stocks. So far this year, Nio (NYSE:NIO) is down by about 25%, driven by a tough Chinese economy reeling from harsh regulatory policies, deflation and a property crisis. On top of that, the Chinese electric vehicle (EV) company remains unprofitable, reporting a GAAP earnings per share (EPS) loss of 37 cents while burning through cash. NIO stock isn’t alone. The Hang Seng Index is trading near a yearly low with a five-year loss of more than 40%.While President Xi Jinping ha ...