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Nio Inc-ADR (NYSE:NIO) gapped down Wednesday following the news Chinese property developer China Evergrande Group (OTC:EGRNY) may default on its loans. Chinese-based stocks have already been beaten down hard over the past few months amid poor China/U.S. relations, China’s struggling economy and the communist government’s seemingly disregard for the success of its home-based EV and tech giants.
...read full article on Benzinga
