🟢 GM is trading 8% up today as it shifts production from China to Mexico

GM is trading 8% up at $78.25 following news that the automaker will shift Chevrolet Groove and Aveo assembly for the Mexican market from China to its Ramos Arizpe plant in Mexico.

• Investors are responding positively to the supply-chain and trade-alignment implications of moving production closer to the end market.
• The stock is rebounding sharply from recent pullbacks, supported by a generally risk-on market backdrop and higher U.S. equity futures.