Why PDD Holdings Stock Was Climbing Today
Shares of PDD Holdings (NASDAQ: PDD), the parent of Pinduoduo and Temu, were among the Chinese stocks gaining today in response to an emergency rate cut that is expected to give a much-needed boost to the Chinese and companies like PDD.
As a result, the stock was up 9.8% as of 11:36 a.m. ET.
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Source Fool.com
