🔴 NEM is trading 4% down today amid broad risk-off sentiment following the Trump–Xi summit

NEM is trading 4% down today at $111.66 in pre-market, tracking broader market weakness and a risk-off tone following the Trump–Xi summit.

• The move extends a weekly pullback from recent highs above $120.
• There are no company-specific headlines, suggesting the drop is tied to macro sentiment and weaker U.S. equity futures.
• Broader risk-off sentiment appears to be the primary driver for the pre-market drop.