The U.S.-listed shares of Nio Inc. NIO slumped 0.8% toward a fourth-straight loss Friday, to reverse an earlier gain of as much as 0.7%, even after upbeat vehicle sales data out of China. The Shanghai-based electric vehicle maker’s stock has shed 9.9% amid its four-day losing streak, and was on track to close at the lowest price since July 7. The weakness comes as the Invesco Golden Dragon China ETF PGJ, which tracks U.S.-exchange listed companies based in China, fell 0.8% on Friday and has dropped 7.1% amid its own four-day losing streak, while the S&P 500 SPX gained 0.3% to snap a three-day losing streak. The China…
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