SEC issues rule to delist foreign stocks that don't follow audit requirementsSaltyag15 said:
I'm not seeing anything on NIO specifically. I think it's due to US vs. China in general. Talks of delisting Chinese companies. I'm basing that off of a headline of a Bloomberg article that I can't access.
https://www.cnbc.com/2021/12/02/sec-issues-final-regs-that-allow-it-to-delist-foreign-companies-that-dont-comply-with-audit-rules.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
Yes, they all started dropping when this article came out.