China E-Tailer Pops on Rise in Consumer Prices

PDD Holdings Inc (NASDAQ:PDD) is down 3.2% at $113.82 at last check, following news consumer prices in China rose for the first time in six months. The data points to an inflation rebound and fueled hopes of a recovery in the economy, pushing several China stocks higher as a result.Options bulls are chiming in, with 24,000 calls traded so far -- triple the intraday average amount -- versus just 4,904 puts. Most popular is the weekly 3/22 125-strike call, where new positions are being opened.Despite today's ...