Stock Track | Meituan Shares Soar on Stabilization Fund Proposal and Earnings Optimism

Stock Track10-24

Meituan, the Chinese food delivery and lifestyle services giant, witnessed a 6.76% surge in its stock price on Tuesday, riding on the wave of optimism surrounding corporate earnings and the proposed establishment of a stock market stabilization fund in Hong Kong.

The rally was fueled by a confluence of positive factors. First, a government-backed think tank, the Institute of Finance & Banking, affiliated with the Chinese Academy of Social Sciences (CASS), proposed the creation of a 2 trillion yuan ($280.5 billion) stock stabilization fund. This fund aims to steady the market by buying and selling blue-chip stocks and exchange-traded funds (ETFs), providing support for the recent surge in stock prices.

Additionally, a slew of stimulus measures announced by the Chinese government has fueled expectations of improving corporate earnings. This optimism has increased investor confidence and contributed to the upward momentum in the stock market, with blue-chip stocks gaining approximately 24% over the past month.

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/1103794052?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-24 08:04","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1103794052","market":"us","top_or_hot":-1,"title":"Stock Track | Meituan Shares Soar on Stabilization Fund Proposal and Earnings Optimism","media":"Stock Track","content":"<p>Meituan, the Chinese food delivery and lifestyle services giant, witnessed a 6.76% surge in its stock price on Tuesday, riding on the wave of optimism surrounding corporate earnings and the proposed establishment of a stock market stabilization fund in Hong Kong.</p>\n\n<p>The rally was fueled by a confluence of positive factors. First, a government-backed think tank, the Institute of Finance & Banking, affiliated with the Chinese Academy of Social Sciences (CASS), proposed the creation of a 2 trillion yuan ($280.5 billion) stock stabilization fund. This fund aims to steady the market by buying and selling blue-chip stocks and exchange-traded funds (ETFs), providing support for the recent surge in stock prices.</p>\n\n<p>Additionally, a slew of stimulus measures announced by the Chinese government has fueled expectations of improving corporate earnings. This optimism has increased investor confidence and contributed to the upward momentum in the stock market, with blue-chip stocks gaining approximately 24% over the past month.</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 Shares Soar on Stabilization Fund Proposal and Earnings Optimism</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 Shares Soar on Stabilization Fund Proposal and Earnings Optimism\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-24 08:04 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Meituan, the Chinese food delivery and lifestyle services giant, witnessed a 6.76% surge in its stock price on Tuesday, riding on the wave of optimism surrounding corporate earnings and the proposed ...</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":null,"symbol_name":null,"start_time":0,"source_url":"","article_id":"1103794052","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1103794052","pubTimestamp":1729728256,"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":"Meituan, the Chinese food delivery and lifestyle services giant, witnessed a 6.76% surge in its stock price on Tuesday, riding on the wave of optimism surrounding corporate earnings and the proposed establishment of a stock market stabilization fund in Hong Kong.The rally was fueled by a confluence of positive factors. First, a government-backed think tank, the Institute of Finance & Banking, affiliated with the Chinese Academy of Social Sciences , proposed the creation of a 2 trillion yuan  sto","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"股票赛道美团-W股价因稳定基金提案和盈利乐观情绪而飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03690":1},"content_text":"Meituan, the Chinese food delivery and lifestyle services giant, witnessed a 6.76% surge in its stock price on Tuesday, riding on the wave of optimism surrounding corporate earnings and the proposed establishment of a stock market stabilization fund in Hong Kong.\nThe rally was fueled by a confluence of positive factors. First, a government-backed think tank, the Institute of Finance & Banking, affiliated with the Chinese Academy of Social Sciences (CASS), proposed the creation of a 2 trillion yuan ($280.5 billion) stock stabilization fund. This fund aims to steady the market by buying and selling blue-chip stocks and exchange-traded funds (ETFs), providing support for the recent surge in stock prices.\nAdditionally, a slew of stimulus measures announced by the Chinese government has fueled expectations of improving corporate earnings. This optimism has increased investor confidence and contributed to the upward momentum in the stock market, with blue-chip stocks gaining approximately 24% over the past month.","kind":null,"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":1},"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":"4.29.1","shortVersion":"4.29.1","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/1103794052"}