Why PDD Holdings, Li Auto, and JD.com Slipped Today
PDD(PDD) The Motley Fool·2024-09-25 15:41Chinese stocks fell after climbing yesterday on stimulus news and interest rate cuts.Chinese stocks pulled back broadly on Wednesday morning, failing to maintain the boost they got from stimulus measures and interest rate cut announcements yesterday, as the group tries to find momentum amid a struggling Chinese economy.Shares of the e-commerce giants PDD Holdings (PDD -1.23%) and JD.com (JD -2.06%) had both fallen as much as roughly 3% and 5%, respectively, earlier this morning before paring some of those l ...