🟢 Nio is trading 5.1% up today as paper gains from CXMT stake boost sentiment

Nio is trading 5.1% up at $4.92 as investors focus on significant paper gains from its stake in ChangXin Memory Technologies (CXMT).

• CXMT’s July IPO on the STAR Market surged 466%, significantly enhancing Nio’s balance-sheet value and providing strategic exposure to the semiconductor sector.
• The move extends a weekly rebound from prior weakness, even as broader U.S. markets trade flat and remain cautious ahead of the Federal Reserve meeting.