Why Nio Stock Dropped 16% in July

Why Nio Stock Dropped 16% in July

For the calendar month, U.S.-listed shares in Nio were down 16%, according to data provided by S&P Global Market Intelligence. All equities come with risks, but there can be certain unique risks with owning international companies. The latest concerns with Chinese stocks began after ride-hailing company DiDi Global went public on the New York Stock Exchange on the last day of June.