Movement Alert｜NIO-SW Falls 3.5% at Open, US Tech Selloff Spreads as Domestic Auto Market Demand Remains Under Pressure

Market Focus

07/24

On July 24, NIO-SW fell 3.5% at open, trading at 36.4 HKD/share, with turnover of HKD 241,000.

Overnight, US tech giants suffered broad-based selling. Tesla plunged over 14% after reporting Q2 adjusted EPS of just $0.33, well below the expected $0.50, with operating profit down 57% YoY. The Nasdaq Composite fell 2.15%, and the selloff spread to Chinese ADRs, with NIO declining over 4% in US trading.

Meanwhile, the domestic auto market remains mired in inventory competition. June national passenger vehicle retail totaled 1.602 million units, down 23.2% YoY. Institutions forecast Q3 volumes will remain under pressure, with month-over-month YoY recovery potentially delayed to Q4. Within the Automobile Manufacturers sector, peers broadly declined: BYD Company down 1.47%, XPENG-W down 2.53%, LEAPMOTOR down 0.17%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

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It does not constitute investment advice or a basis for trading decisions.)</p></p>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09866","symbol_name":"蔚來-SW","start_time":0,"source_url":"","article_id":"1109937857","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1109937857","pubTimestamp":1784856185,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On July 24, NIO-SW fell 3.5% at open, trading at 36.4 HKD/share, with turnover of HKD 241,000.Overnight, US tech giants suffered broad-based selling. 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