Stock Track | Meituan Soars 17% as China's Stimulus Measures Boost Stocks

Stock Track10-02

Shares of Chinese food delivery giant Meituan-W surged nearly 17% on Wednesday, propelled by a broad rally in Chinese stocks listed in Hong Kong. The rally was driven by optimism surrounding China's recent economic stimulus measures and improving growth outlook.

Last week, Chinese authorities unveiled a range of stimulus policies aimed at bolstering the economy, including interest rate cuts, freeing up cash for banks, and providing liquidity support for stocks. Four major cities also eased home-buying curbs, and the central bank moved to lower mortgage rates.

These measures have boosted investor confidence and fueled a buying spree in Chinese equities, which had been undervalued after a three-year decline. The attractive valuations of Chinese stocks, trading at around half the level of the S&P 500, have lured hedge funds and institutional investors to pile into the market at a record pace.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1100833262?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-02 13:27","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1100833262","market":"hk","top_or_hot":-1,"title":"Stock Track | Meituan Soars 17% as China's Stimulus Measures Boost Stocks","media":"Stock Track","content":"<p>Shares of Chinese food delivery giant Meituan-W surged nearly 17% on Wednesday, propelled by a broad rally in Chinese stocks listed in Hong Kong. The rally was driven by optimism surrounding China's recent economic stimulus measures and improving growth outlook.</p>\n\n<p>Last week, Chinese authorities unveiled a range of stimulus policies aimed at bolstering the economy, including interest rate cuts, freeing up cash for banks, and providing liquidity support for stocks. Four major cities also eased home-buying curbs, and the central bank moved to lower mortgage rates.</p>\n\n<p>These measures have boosted investor confidence and fueled a buying spree in Chinese equities, which had been undervalued after a three-year decline. The attractive valuations of Chinese stocks, trading at around half the level of the S&P 500, have lured hedge funds and institutional investors to pile into the market at a record pace.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Meituan Soars 17% as China's Stimulus Measures Boost Stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Meituan Soars 17% as China's Stimulus Measures Boost Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-02 13:27 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Chinese food delivery giant Meituan-W surged nearly 17% on Wednesday, propelled by a broad rally in Chinese stocks listed in Hong Kong. The rally was driven by optimism surrounding China's ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03690","symbol_name":"美团-W","start_time":0,"source_url":"","article_id":"1100833262","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1100833262","pubTimestamp":1727846837,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Shares of Chinese food delivery giant Meituan-W surged nearly 17% on Wednesday, propelled by a broad rally in Chinese stocks listed in Hong Kong. The rally was driven by optimism surrounding China's recent economic stimulus measures and improving growth outlook.Last week, Chinese authorities unveiled a range of stimulus policies aimed at bolstering the economy, including interest rate cuts, freeing up cash for banks, and providing liquidity support for stocks. Four major cities also eased home-b","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03690":"美团-W"},"translate_title":"股票赛道中国刺激措施提振股市美团飙升17%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03690":1},"content_text":"Shares of Chinese food delivery giant Meituan-W surged nearly 17% on Wednesday, propelled by a broad rally in Chinese stocks listed in Hong Kong. The rally was driven by optimism surrounding China's recent economic stimulus measures and improving growth outlook.\nLast week, Chinese authorities unveiled a range of stimulus policies aimed at bolstering the economy, including interest rate cuts, freeing up cash for banks, and providing liquidity support for stocks. Four major cities also eased home-buying curbs, and the central bank moved to lower mortgage rates.\nThese measures have boosted investor confidence and fueled a buying spree in Chinese equities, which had been undervalued after a three-year decline. The attractive valuations of Chinese stocks, trading at around half the level of the S&P 500, have lured hedge funds and institutional investors to pile into the market at a record pace.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1100833262"}