: Nio, Alibaba lead losses for U.S.-listed stocks of Chinese companies after Didi delisting news

December 3, 2021

U.S.-listed shares of major Chinese companies, including electric-car maker Nio Inc. and e-commerce giant Alibaba Group Holding Inc., tanked on Friday following news that ride-sharing company Didi Global Inc. plans to delist from the New York Stock Exchange.

American depositary receipts of Nio Inc.
NIO,
-12.26%,
which earlier this week reported rising November sales, were off 12% in late trading Friday, poised to end the week off more than 20%. Li Auto Inc.
LI,
-16.78%,
another Chinese EV maker that reported November sales this week, fell 16%, putting it on track for weekly losses of around 13%.

Futurist Eric Fry says it will be a “Summer of Surge” for these three stocks

One company to replace Amazon… another to rival Tesla… and a third to upset Nvidia. These little-known stocks are poised to overtake the three reigning tech darlings in a move that could completely reorder the top dogs of the stock market. Eric Fry gives away names, tickers and full analysis in this first-ever free broadcast.

Watch now…