Why Nio Shares Dipped Today

Chinese electric vehicle maker Nio (NYSE: NIO) shares dropped as much as 2.4% in Monday morning trading after CNBC published a report overnight that stoked underlying delisting fears among U.S. investors. As of 1:05 p.m. ET, the stock had recovered much of that drop, however, with shares trading at nearly breakeven. The report said that China’s securities regulator informed the financial news service that prior reports that Chinese regulators were making plans to set up a system to avoid some companies from being delisted on U.S. exchanges were not true.

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