r/nio
US-Listed Chinese Stocks Slide as Beijing Cracks Down on Offshore Trading
US-listed Chinese stocks are falling due to Beijing's crackdown on offshore trading activities.
- Beijing is cracking down on offshore trading, negatively impacting US-listed Chinese stocks.
Thank you. I guess now we know the reason for the premarket slide. This also explains the weird stock price reaction after stellar earnings, and maybe the whole downturn over the last 7 sessions.
Will recover next week.
I bet you his crackdown was in the works for sometime without public knowlege.
Man we never get a fucking break.. that’s why you should never invest in fucking Asian and specific chinese stocks
What is the issue in this. They are going after un-licensed people. Why should this result in a sell off?
It wall street, nothing make sence , tesla is a pile of shit yet overvalued hype stock and nio strong fundamental
Buy high sell low 🤡
For me too
Never touch China again
🤡
Thank you, I could not find why the stock is falling this hard.
Past couple of days were institutions or insiders (the ones using offshore trading) selling off who knew about this before the news broke. Now follows the panic of retailers (for nothing) and we’ll start recovering next week.
This is just utter BS once again. -23% in 8 days.
I know it’s painful but the company’s fundamentals have never been better.
Never buy chinese stocks
Isn't this just saying that China is going after unlicensed brokers in China?
This type of news was what I meant “insiders know something we might not know” after the ridiculous 8-10 % reversal after the incredibly positive Q1 report .
However, this action by Chinese government has got nothing to do with the companies , it’s all about the brokerages ! wtf is the impact on the company if certain brokerages cannot trade the stock in the US !!! I don’t get it ! If scwab’s brokerage like was suspended would the US stocks crash!!!!!!!!