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Why Nio Stock Fell Again Today

·2 min read
Why Nio Stock Fell Again Today
In this article:
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Shares of the Chinese electric vehicle (EV) maker Nio (NYSE: NIO) fell today after President Biden unveiled the Indo-Pacific Economic Framework (IPEF) yesterday. The drop comes just one day after Nio's shares slid 5%. The IPEF could be a way for the U.S. to counter China's economic dominance in the Indo-Pacific region, and Chinese stock investors are concerned that it could lead to more division between the U.S. and China.