Why PDD Holdings, Baidu, and Yum China Stocks Keep Going Up
The rally in Chinese stocks entered its second week Wednesday morning, with shares of Temu owner PDD Holdings ( PDD 3.75%) rising 6% through 10:10 a.m. ET. This was followed by internet search giant Baidu ( BIDU 2.37%), which gained 3.9%, and Pizza Hut and KFC operator Yum China Holdings ( YUMC 4.08%) bringing up the rear with a gain of 3.6%.