News Snapshot:
Electric vehicle maker Nio lost as much as 6. 8% on Wednesday after announcing plans to sell up to $2 billion in U. S. stock, the largest offering of its kind since Didi’s IPO. Shares listed on the New York Stock Exchange in Nio fell to $37. 81 on Wednesday from $40. 59 the day before. Shanghai-based Nio had indicated in the past that he would seek a directory of moments in Hong Kong, following the lead of rivals such as XPeng, which did so in June. The $2 billion percentage sale would be the biggest U. S. bid by...
