On October 13, 2025, PDD Holdings Inc. closed at $127.55, up 2.64% from the previous session, rebounding after a sharp 5.32% drop on October 10, 2025, which was triggered by renewed U.S.-China trade tensions and the announcement of 100% tariffs on Chinese imports[5]. There were no major company-specific announcements or earnings releases on October 13, 2025, and the price movement appears primarily driven by broader market sentiment and recovery from last week's tariff shock. The rebound aligns with cautious optimism in global markets and futures, while investors continue to monitor trade policy risks and upcoming earnings events. Coverage from tier-1 sources confirms the significance of the tariff news and its impact on Chinese tech stocks, including PDD[5].