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Chinese Retail Giant PDD Plummets Nearly 30% After Disappointing Earnings: Which ETFs Are Most Impacted?

Benzinga LogoBenzinga6d ago

Chinese Retail Giant PDD Plummets Nearly 30% After Disappointing Earnings: Which ETFs Are Most Impacted? - Benzinga

Quick Summary:

Market Punishes PDD On Disappointing Q2 Results, Goldman Sachs Holds Bullish Outlook

Goldman Sachs analyst Ronald Keung, noted that the negative market reaction was likely driven by ...

The sell-off was driven by a combination of lackluster second-quarter results and a bleaker revenue outlook that rattled investor confidence.

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Chinese Retail Giant PDD Plummets Nearly 30% After Disappointing Earnings: Which ETFs Are Most Impacted? - Benzinga (Picture 1)

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Article Details

Author / Journalist: Piero Cingari

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-26 @ 19:12:51 (6 days ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 488 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22267030

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 1 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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