Nio Stock Tumbled Today -- Is the Market Overreacting?
The share price of the China-based electric car company Nio (NYSE: NIO) was falling today after it listed its stock on Hong Kong's stock exchange yesterday. The stock was down by nearly 9% by afternoon trading.
With such a big drop in Nio's stock in just one day, some inventors are likely wondering whether or not today's share price slide is an overreaction.
While it may be a slight overreaction, overall, I don't think investors are wrong to be concerned about Chinese stocks right now. Here's why.
Source Fool.com
