Nio announced 1Q deliveries on Saturday 1st April. It was not great but at least fell within their predictions. Nio is trading both in HK (under symbol 9866) and Singapore.
Investors had two days to digest the news and future prospects of the company (as CNBC articles write in similar situations) and the ones trading Asia market thought those numbers are very positive so price rose around 2%.
US market opened few hours later and investors (or traders) thought the delivery numbers are terrible and stock is currently falling 7%.
Tomorrow when Asian markets open the stock price will follow with a 7% drop on opening.
Are the investors in Asia so ignorant despite having a strategic advantage or being 1 day ahead, that cannot determine if a company announcement is good or bad, or there is another reason for this divergence?
[link] [comments] https://www.reddit.com/r/stocks/comments/12andcq/are_the_investors_in_asia_completely_clueless/
Login to add comment
Other posts in this group
Please use this thread to discuss your portfolio, learn of other stock tickers, and help out users by giving constructive criticism.
Why quarterly? Public comp
When you sell a stock to buy another stock, do you prefer to set the estimated amount of the capital gains taxes aside in a money market or do you think it better to
Saving for retirement is crucial, but relying solely on a 401(k) might not be enough due to high inflation. Consider investing in growth stocks, especially in the tec
I’m think this is not a good investment as there is no chatter at all on the 52 week low. They are involved in a class action lawsuits by investors and credit card co
Sorry if this is the wrong sub. Let’s say I had $1 million in VOO but I wanted to sell half of it to buy SCHD. It would suck to pay taxes on $500k. So how would you g
Hey guys, I did a deep dive into Crocs. In this analysis, I will do a brief breakdown of the company and go over some quantitative data, qualitative data and estimate
