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PDD Slips ~6% in Pre-mkt as USPS Suspends Collection of CN/ HK Parcels
Recommend 22 Positive 31 Negative 20 |
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The US Postal Service (USPS) announced that it is temporarily suspending the collection of packages from mainland China and Hong Kong until further notice, while letters are unaffected. Earlier on, US President Donald Trump's 10% tariff raise on Chinese goods has taken effect from Tuesday (4th), while Washington also canceled the "small value exemption" for packages. Pinduoduo (PDD.US) was last at US$107.49, down 5.8% in pre-market. Fellow JD.com (JD.US) was last at US$39.75, down 3.4% in pre-market. Alibaba (BABA.US) was down 2.4% at US$99.91 in pre-market. AAStocks Financial News |
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