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Why PDD Holdings Stock Was Falling Today

TheMotleyFool

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Why PDD Holdings Stock Was Falling Today: https://g.foolcdn.com/editorial/images/763059/economic-crisis-stock-chart-falling-down-business-global-money-bankruptcy.jpg

Shares of PDD Holdings (NASDAQ: PDD) were falling today as the parent of Pinduoduo and Temu was swept up in the broader fallout after a Hong Kong court ordered liquidation of China Evergrande Group, which was once China's biggest real estate developer.

As a result, the stock was down 7.6% as of 12:20 p.m. ET on Monday.

Image source: Getty Images.

Source Fool.com