Why PDD Holdings Shares Are Rising

PDD Holdings Inc – ADR PDD shares are trading higher by 3.5% to $125.33 Tuesday afternoon. Shares of Chinese companies listed on US stock exchanges are rising, likely in response to news about potential stimulus measures being considered by the Chinese government.

Chinese equity markets rebounded strongly on Tuesday following government pledges of support after recent declines. The Hang Seng in Hong Kong rose by 4%, with JD.com and Alibaba gaining nearly 8% each. Longfor Properties surged by 10.1%.

It has been reported many times over recent trading sessions that Chinese mainland equity markets have lost around $6 trillion in the last three years…Read More

See Also: Yellen Expresses Concerns Over Commercial Real Estate, Stablecoin Risks, Praises US Economic Strength

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