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PDD Holdings Q4 Profit Rises 43%
(RTTNews) - PDD Holdings, Inc. (PDD) reported on Monday that fourth-quarter net income attributable to ordinary shareholders grew 43 percent to RMB9.45 billion or $1.37 billion), from RMB6.62 billion in the prior-year quarter. Earnings per ADS were RMB6.52 or $0.95, up from RMB4.66 a year ago.
Excluding items, adjusted net income attributable to ordinary shareholders was RMB12.11 billion or $1.76 billion, compared to RMB8.44 billion in the year-ago quarter. Adjusted earnings per ADS was RMB8.34 or $1.21, compared to RMB5.88 last year.
Total revenues for the quarter increased 46 percent to RMB39.82 billion or $5.77 billion, from RMB27.23 billion in the same quarter last year.
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Australian Market Trims Early Losses In Mid-market
The Australian stock market is trimming its early losses in mid-market moves on Friday, extending the slight losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,850 level, with weakness in financial and technology stocks partially offset by gains in mining stocks.
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39分前
Asian Markets Mixed Amid Tariff Caution
Asian stock markets are trading mixed on Friday, following the mixed cues from Wall Street overnight, as uncertainty continues over US reciprocal tariffs despite the tariff's kicking in on Thursday. Market uncertainty is created by the pressure tactics exerted by the US by constantly altering tariffs. Asian markets ended mostly higher on Thursday.
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42分前
Sensex, Nifty Set To Open Lower On Trade Concerns
Indian shares look set to open on a sluggish note Friday as U.S. President has ruled out any possibility of trade negotiations with India and Prime Minister Narendra Modi said India would not compromise on the interests of its farmers, fishermen or livestock rearers, even if it meant paying "a heavy personal price."
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1時24分前
Thai Stock Market May Spin Its Wheels On Friday
The Thai stock market has moved higher in four straight sessions, gathering almost 50 points or 4.1 percent along the way. The Stock Exchange of Thailand now sits just above the 1,265-point plateau although it may be stuck in neutral on Friday.
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1時58分前
Continued Consolidation Called For Indonesia Stock Market
The Indonesia stock market has finished lower in back-to-back sessions, slipping more than 25 points or 0.3 percent in that span. The Jakarta Composite Index now sits just above the 7,490-point plateau and it may take further damage on Friday.
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2時28分前
Japanese Market Sharply Higher; Up 2%
Extending the gains in the previous three sessions, the Japanese market is sharply higher on Friday, following the mixed cues from Wall Street overnight. The Nikkei 225 is jumping almost 2 percent to above the 41,850 level, with gains across all sectors led by index heavyweights, exporters and technology stocks.
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2時31分前
Consolidation Likely For Hong Kong Shares
The Hong Kong stock market has moved higher in four straight sessions, advancing more than 570 points or 2.4 percent along the way. The Hang Seng Index now rests just above the 25,080-point plateau although it may see some profit taking on Friday.
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2時43分前
Australian Market Notably Lower
The Australian stock market is trading notably lower on Friday, extending the slight losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,800 level, with weakness in energy, financial and technology stocks partially offset by gains in mining stocks.
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2時52分前
