227 days ago • Posted by Charles-Henry Monchau

Chart of the day: Chinese Electric Vehicle NIO is going parabolic, decoupling from TESLA

Asian/Chinese tech stocks have been outperforming the Nasdaq. Indeed, giants such as Tencent or Alibaba have performed well and are close to All Time Highs. And despite this strong performance,  Chinese tech is trading on average longer term P/Es. Other names such as NIO (orange line), the "Chinese Tesla" have gone parabolic and has been "decoupling" from Tesla (purple line) - source: The Market Ear