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Japan’s Nikkei 225 index was pushed upwards by optimistic investors on Monday following Prime Minister Fumio Kishida’s victory in the country’s legislative elections.
Chinese electric carmaker Nio’s earnings release revealed that the company had lower losses and higher revenues than expected in the second quarter of 2021. Sales of electric vehicles were within the predicted range despite the global chip shortage.
Several major Chinese EV companies saw significant drops in their stock prices yesterday, possibly due to the announcement of a new convertible bond deal by Chinese manufacturer Li Auto.
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