This week, China’s central bank (PBOC) introduced its most substantial stimulus since the pandemic, reducing interest rates and lowering the reserve requirement ratio.
This move injected roughly 1 trillion yuan ($142 billion) into the financial system.
Following the news, Chinese stocks surged, and NIO—a long-underestimated player—has started to gain momentum.
Technically, it’s outperforming the S&P 500 and approaching key resistance within its long-term descending channel.
This move injected roughly 1 trillion yuan ($142 billion) into the financial system.
Following the news, Chinese stocks surged, and NIO—a long-underestimated player—has started to gain momentum.
Technically, it’s outperforming the S&P 500 and approaching key resistance within its long-term descending channel.
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