Stocks

JP Morgan gave NIO an Overweight rating and admitted that "we missed the stock's major rally YTD."

Shares of US-listed Chinese video streaming site iQIYI  (Nasdaq: IQ) opened up more than 3 percent after the company said an internal investigation found no evidence to support allegations of short-selling agencies.

Shares of US-listed Chinese EV makers were higher in pre-market trading on October 5 as positive news spurs investor interest.

For a year, the stock price of Chinese electric vehicle (EV) maker NIO (NYSE: NIO) seemed to be out of gravity.

SMIC shares were down 4.86% at HK$17.24 in Hong Kong in early morning trading after the company on Sunday confirmed in an announcement on the Hong Kong Stock Exchange about US export restrictions.

Deutsche Bank said in its latest report that NIO could become the next "iconic auto brand", pushing the shares of the Chinese EV maker up more than 10 percent.

Shares of Xpeng, Tesla's Chinese rival, jumped more than 6% Tuesday after JP Morgan analysts initiated their coverage of the stock at the equivalent of buy with a price target of $27. 

Chinese regulators today announced the results of their investigation into Luckin Coffee, which has been embroiled in a financial fraud spiral.

Luckin Coffee has announced the appointment of independent accounting firm Marcum Bernstein & Pinchuk LLP as the independent auditor, effective September 17, 2020.

Bridgewater Associates, the world's largest hedge fund run by billionaire investor Ray Dalio, is now holding shares in Chinese EV maker NIO, despite in a small amount.