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Why Shares of Nio, Full Truck Alliance, and Lufax Are Falling Today

Bram Berkowitz, The Motley Fool
·3-min read
Why Shares of Nio, Full Truck Alliance, and Lufax Are Falling Today

Several Chinese stocks fell today as rising COVID-19 cases in the country concerned investors about more lockdowns and restrictive policies that have damaged the Chinese economy all year. Shares of the Chinese electric car maker Nio (NYSE: NIO) traded roughly 3.7% lower as of 10:51 a.m. ET today. Meanwhile, shares of the digital freight platform Full Truck Alliance (NYSE: YMM) traded nearly 8.4% down and shares of the fintech company Lufax Holding (NYSE: LU) had plummeted roughly 22.5%.

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