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Why Nio Stock Is Falling Today

·2-min read
Why Nio Stock Is Falling Today
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Shares of Nio (NYSE: NIO), the Chinese electric vehicle marker, were tumbling this morning as investors digested two pieces of negative news: ongoing fears that some Chinese stocks could be delisted from U.S. exchanges and an analyst's price target cut for one of Nio's competitors. First up, Nio investors may be a bit nervous today after the Chinese ride-sharing company Didi Global said that it's being investigated by the Securities and Exchange Commission about its IPO last year. Didi didn't disclose many details about the probe, but it comes on the heels of the Chinese government cracking down on U.S.-listed Chinese stocks.

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