Nio, XPeng stocks fall in wake of disappointing economic data out of China

The U.S.-listed shares of China-based electric-vehicle makers pulled back Wednesday, after disappointing services activity data out of China fueled concerns over weakening demand. Nio Inc.’s stock NIO dropped 1.1% in premarket trading, after closing Monday at a more than 3-month high. Shares of Xpeng Inc.

gave up 1.1% and Li Auto Inc. LI slipped 0.2%. Shares of Tesla Inc., the EV giant that generated 21% of first-quarter revenue from China, fell 0.6% ahead of Wednesday’s open, putting it on track to snap a 5-day win streak, and after closing Monday at the highest price since Sept. 28, 2022. Nio’s stock has run up... The U.S.-listed shares of China-based electric-vehicle makers pulled back Wednesday, after disappointing services activity data out of China fueled concerns over weakening demand.

gave up 1.1% and Li Auto Inc. LI slipped 0.2%. Shares of Tesla Inc., the EV giant that generated 21% of first-quarter revenue from China, fell 0.6% ahead of Wednesday’s open, putting it on track to snap a 5-day win streak, and after closing Monday at the highest price since Sept. 28, 2022. Nio’s stock has run up 11.9% over the past three months through Monday, while the Invesco Goldman Dragon China exchange-traded fund PGJ has lost 4.0% and the S&P 500 SPX has gained 8.9%.

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Nio, XPeng stocks surge after EV delivery dataShares of China-based electric-vehicle makers surged Monday, after they reported June deliveries that showed big jumps from May.
स्रोत: MarketWatch - 🏆 3. / 97 और पढो »

Stocks making the biggest moves midday: Tesla, Rivian, XPeng and moreThese are the stocks posting the largest moves in midday trading.
स्रोत: CNBC - 🏆 12. / 72 और पढो »