Why Is NIO Stock Up 10% Today?

Nio (NYSE:NIO) stock is up almost 10% today after Chinese regulators released a series of encouraging announcements meant to uplift investors amid the recent slowdown in Chinese equities. Indeed, Chinese stocks are up across the board after Central Huijin, a branch of China’s sovereign wealth fund, stated it would increase investments in exchange-traded funds (ETF). Additionally, the China Securities Regulatory Commission announced its plans to motivate institutional investors to hold common stock for longe ...