Several Chinese EV firms, as well as American sector leader Tesla, have made impressive numbers of vehicle deliveries over 2022’s first quarter. These accomplishments come despite continuing production and supply chain issues facing the global economy.
Nike, NIO, and Adobe are set to release their quarterly earnings reports this week. Traders may get a better handle on how these firms dealt with a complex market atmosphere following this week’s earnings calls.
Stocks in China’s technology and electric vehicle sectors shot up on Wednesday. This might be attributed to government statements released yesterday, which signalled a shift in tone and prioritisation of support and stability on the part of the government for China’s domestic firms.