Shares of NIO Inc. (NIO) dropped significantly on Tuesday, mirroring a broader decline in U.S.-listed Chinese stocks. This downturn follows news that Chinese officials did not meet investor expectations for substantial economic stimulus measures, leading to a sell-off in the Chinese market.
Chinese stocks listed in the U.S., including Alibaba, JD.com, and Li Auto, saw a pre-market decline following a sharp drop in the Shanghai Composite Index. The downturn was attributed to disappointing first-half results from major banks and potential profit-taking by investors.
