What's Going On With PDD Holdings Stock?

PDD Holdings Inc – ADR PDD shares are trading lower by 1.3% to $141.80, though off session lows, Monday afternoon. The stock is experiencing a decline due to continued weakness in U.S.-listed Chinese stocks. This downturn follows China's recent failure to meet GDP and retail sales estimates.

Hong Kong stocks hit a 15-month low as the Hang Seng Index dropped by 2.3% overnight. China also maintained its benchmark lending rates, aligning with expectations due to limited room for monetary easing amid downward pressure on the yuan.

What’s Going On In China?

The Hang Seng Index dropped 2.3%, reaching a level not seen since October 2022, while the Hang Seng Tech Index sank 3%, hitting its lowest point since April 2020.

Mainland Chinese markets also saw notable declines, with the Shanghai Composite Index falling 2.7% and the Shenzhen Composite Index plunging 4.5%…Read More

According to data from Benzinga Pro, PDD has a 52-week high of $152.99 and a 52-week low of $59.67.