Shares of Temu parent company PDD plunges almost 29%; 'too large a correction', says analyst

In this articlePDDJakub Porzycki | Nurphoto | Getty ImagesThe nearly 30% drop in shares of Chinese online retailer PDD Holdings is "too much of a correction," according to Shaun Rein, founder and managing director of the China Market Research Group.Speaking to CNBC's "Street Signs Asia," Rein said the "panic was overblown last night," and that this would be a good opportunity for investors to buy into the stock.His comments come after shares of PDD Holdings saw their largest one-day loss since listing on th ...