Why Chinese Stocks PDD Holdings, GDS Holdings, and Full Truck Alliance Were Bouncing Back Today

Chinese stocks continue to see whipsaw volatility. Shares of Chinese tech and consumer stocks PDD Holdings (PDD 2.90%), GDS Holdings (GDS 0.77%), and Full Truck Alliance (YMM 4.06%) rallied 3.5%, 2.9%, and 6.8% on Tuesday, respectively, as of 12:26 p.m. ET. However, PDD and GDS were much higher in the earlier part of the day. The day was light on company-specific news, but Chinese consumer and tech names broadly rallied on renewed hopes for more stimulus after Beijing's latest measures announced over the pa ...