Most Asian stocks rose sharply today on expectations that China is close to completing its rate hike cycle for this year, while the prospect of further stimulus measures from China following weaker economic data is also supporting growth.
Nio $NIO+12.8% so up +11.8% on HKG today 👌.
NIO
NIOCapital Structure
Market Cap
11.6B
Enterpr. Val.
95.5B
Valuation
P/E
-4.2
P/S
1.4
So it looks like my position in Nio will soon be back in positive numbers. Hopefully it will hold this time 🟢.
What about you and Chinese stocks, are you worried about deflation or will stimulus save the day?
So I need 8$ more up on the green nio... but still, it's a pretty promising way to go :)