Why Baidu, Nio, and XPeng Stocks Popped Today

Tuesday is shaping up to be a be a good day to own Chinese tech stocks, as rumors continue to mount that Chinese President Xi Jinping's government is about to step into the stock market in a big (and good) way, to help reverse a slide in investor sentiment that has cost the Shanghai Composite Index about 18% over the last nine months. Shares of popular Chinese internet search giant Baidu (BIDU 3.28%) are up 3.8% through 11:45 a.m. ET, while Chinese electric vehicle (EV) companies Nio (NIO 9.48%) and XPeng ( ...