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Benzinga
Benzinga
Business
Happy Mohamed

YOU WONT BELIEVE: Why shares of nio are soaring today - You Need To See This

NIO Inc. (NYSE:NIO) shares are trading higher amid strength in Chinese stocks. Also, the company announced it will hold a Product Launch Event tomorrow.

Chinese companies are seeing strength possibly amid anticipation of the "618" shopping holiday, which is a large shopping event in the country. Recent economic reopenings and easing of lockdowns could also be positively impacting Chinese stocks across sectors.

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