PDD Aug 2024 115.000 put
| Previous close | 0.4900 |
| Open | 0.5400 |
| Bid | 0.5000 |
| Ask | 0.6000 |
| Strike | 115.00 |
| Expiry date | 2024-08-16 |
| Day's range | 0.5000 - 0.6000 |
| Contract range | N/A |
| Volume | |
| Open interest | 3.7k |
Investor's Business DailyDow Jones Futures Rise With Federal Reserve, CPI Inflation Due; EU Hikes Tariffs On Chinese EVs
The Federal Reserve meeting and CPI inflation loom. Oracle soared overnight while the EU hiked tariffs on Chinese EVs.
ReutersChina's discount wars risk cementing frugal consumer mindset
SHANGHAI (Reuters) -An aggressive market grab by low-cost Chinese retailers has delivered bumper earnings for some firms but has also intensified a bruising price war, exacerbating deflationary fears in the world's second-largest economy. From coffee to cars to clothes, China's discount retailers have cut prices on just about everything as they chase a consumer whose confidence has been battered by a property crisis, high unemployment and a gloomy economic outlook. "If this situation continues, China may end up with what we call a vicious cycle: lower value added consumption, deflation, low profit rates leading to low wages, which further pushes consumers to downgrade their consumption," said He-Ling Shi, an economics professor at Monash University in Melbourne.
Investor's Business DailyBest China Stocks: Tesla Rival Leads Five Stocks Near Buy Points
The best China stocks include Tesla archrival BYD as well as messaging and gaming giant Tencent and e-commerce leader PDD Holdings.
