What's Happening With JD.Com And PDD Holdings Stock Friday
Portfolio Pulse from Henry Khederian
JD.Com and PDD Holdings stocks are trading lower amid concerns over China's economy and recent rate cuts by the central bank. China has implemented its first reduction in key lending benchmarks in 10 months to support a decelerating economic recovery.
June 23, 2023 | 5:46 pm
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NEGATIVE IMPACT
JD.Com's stock is trading lower by 4.65% to $34.89 due to concerns over China's economy and recent rate cuts by the central bank.
JD.Com's stock is being negatively impacted by concerns over China's economy and recent rate cuts by the central bank. As a Chinese company, JD.Com's performance is closely tied to the country's economic situation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
PDD Holdings' stock is trading lower by 4.29% to $69.76 due to concerns over China's economy and recent rate cuts by the central bank.
PDD Holdings' stock is being negatively impacted by concerns over China's economy and recent rate cuts by the central bank. As a Chinese company, PDD Holdings' performance is closely tied to the country's economic situation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100