Why XPeng Inc. Stock Is Up
Portfolio Pulse from Erica Kollmann
XPeng Inc. (NYSE:XPEV) shares are trading higher due to renewed interest in Chinese stocks amid hopes for improving growth. This comes as Chinese regulators loosen restrictions on foreign capital movement to attract foreign investors and aid economic recovery. Despite the rise, XPEV's stock is still down 8% over the last five days.
September 22, 2023 | 2:20 pm
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XPeng Inc.'s stock is trading higher due to renewed interest in Chinese stocks and regulatory changes. However, the stock is still down 8% over the last five days.
The loosening of restrictions on the movement of foreign capital by Chinese regulators has sparked renewed interest in Chinese stocks, including XPeng Inc. This has led to a rise in XPEV's stock price. However, despite this rise, the stock is still down 8% over the last five days, indicating that there may still be some investor caution.
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