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Analysts said that the Chinese smartphone market is expected to see a reshuffle as smartphone consumption slows down with almost all Chinese people owning at least one mobile phone.

Analysts from Shanghai-based financial service provider Noah Holdings Ltd wrote in a report that the inflow of overseas capital has been the major driver of the bounce in the A-share market, especially the undervalued sectors. Foreign investors' continued interest in the A-share market has generated a multiplier effect by attracting other capital into the market, said the Noah analysts.

Anhui, Yunnan and Jiangxi provinces lead peers with impressive rates of 11%

Analysts said the surge shows investors are optimistic about the company's potential, although Nio still faces many challenges in the cutthroat new energy vehicle market, especially after its IPO last month.

Analysts have estimated that Boeing will spend at least billion to return the Max to service. Costs include compensation to airlines for lost revenue due to the grounding of the jet, out-of-court settlements with family members of those killed in the crashes as well as the cost of storing new but undelivered aircraft and returning grounded planes to the air.