Why PDD Holdings, Baidu, and Yum China Stocks Keep Going Up
PDD(PDD) The Motley Fool·2024-10-02 23:07
China's stock market is up almost 25% in a week. In three months, it could gain 10% more.The rally in Chinese stocks entered its second week Wednesday morning, with shares of Temu owner PDD Holdings (PDD 4.68%) rising 6% through 10:10 a.m. ET. This was followed by internet search giant Baidu (BIDU 2.77%), which gained 3.9%, and Pizza Hut and KFC operator Yum China Holdings (YUMC 4.37%) bringing up the rear with a gain of 3.6%.The reason today, as it's been for the past week and more, is a series of subsidie ...