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Benzinga
Benzinga
Business
Evette Mitkov

Nio Stock Is Moving Higher Monday: What's Driving The Action?

NIO Donald Trump China Robert Way United States
Nio-Photo by Robert Way via Shutterstock

NIO Inc (NYSE:NIO) stock is trading higher on Monday alongside other US-listed Chinese stocks after President Donald Trump posted conciliatory comments about China on social media. China’s exports for September also came in ahead of estimates.

What Happened: President Trump took to Truth Social to reassure markets about U.S.-China relations over the weekend, stating not to worry about China, and that all will be fine.

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