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MARKETS LIVE BLOG:

STOCKS RISE, LED BY STELLAR ALPHABET, MICROSOFT EARNINGS

Latest stubborn U.S. inflation reading will bring about more 'wait and see' from the Fed

Why Uxin Stock Popped Today

Jon Quast, The Motley Fool
·2 min read
Why Uxin Stock Popped Today

Shares of Chinese car e-commerce company Uxin (NASDAQ: UXIN) popped almost 9% as of 3:06 p.m. EDT Tuesday after the company announced some fresh financing a major shakeup with its board of directors. The financing will bring in $100 million now and more later, which is welcome news. Uxin is issuing convertible notes that could bring in a total of $315 million for the company.

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