strange
$NIO Inc(NIO.US$ hk nio up 7% why are we dropping for US market today?
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strangecloud : General bearish today throughout the market. The consecutive rally for days…it’s normal to drop…I think. Meanwhile, Tmr is the opening of SGX market…it’s quite an unknown, perhaps people selling to lock down some profit from the past days rally…plenty of reasons..and sometimes it’s just no reasons…
strangecloud : Meanwhile, if you notice….the drop happened all at the same time. Again, this is usually algorithm trading….not really because of any fundamental reasons. It’s collective selling off…not from a particular stock but a whole range of stocks…
bullshytOP : usually around 1130-1230 midnight
b34r : US market cap is about 6-7 times that of HKEX (and about 30x SGX). For Nio, you would expect any sharp price movement on the US side to easily override HK/SG.
broad-minded Bat_471 : Walmart and target’s earnings put the reality on check causing the market to sell off.