Stock Track | Meituan Soars Over 10% as Upbeat China Data, Stimulus Boost Sentiment

Stock Track2024-10-18

Shares of Chinese food delivery and services giant Meituan surged over 10% on Friday, riding a wave of optimism that swept through Hong Kong markets after a slew of positive economic data and fresh stimulus measures from Beijing.

The jump in Meituan's stock price was part of a broader rally, with the Hang Seng Index climbing 3.6% as investors cheered stronger-than-expected growth figures for China's economy in the third quarter. The country's GDP expanded 4.6%, beating forecasts of 4.5%, while industrial production and retail sales also surprised on the upside.

Market sentiment received an additional boost after the People's Bank of China unveiled a series of supportive measures, including a cut in reserve requirement ratios for banks and the launch of a 300 billion yuan ($41 billion) re-lending program aimed at providing affordable credit to businesses.

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/1129101644?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-18 16:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1129101644","market":"hk","top_or_hot":-1,"title":"Stock Track | Meituan Soars Over 10% as Upbeat China Data, Stimulus Boost Sentiment","media":"Stock Track","content":"<p>Shares of Chinese food delivery and services giant Meituan surged over 10% on Friday, riding a wave of optimism that swept through Hong Kong markets after a slew of positive economic data and fresh stimulus measures from Beijing.</p>\n\n<p>The jump in Meituan's stock price was part of a broader rally, with the Hang Seng Index climbing 3.6% as investors cheered stronger-than-expected growth figures for China's economy in the third quarter. The country's GDP expanded 4.6%, beating forecasts of 4.5%, while industrial production and retail sales also surprised on the upside.</p>\n\n<p>Market sentiment received an additional boost after the People's Bank of China unveiled a series of supportive measures, including a cut in reserve requirement ratios for banks and the launch of a 300 billion yuan ($41 billion) re-lending program aimed at providing affordable credit to businesses.</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 Over 10% as Upbeat China Data, Stimulus Boost Sentiment</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 Over 10% as Upbeat China Data, Stimulus Boost Sentiment\n</h2>\n\n<h4 class=\"meta\">\n\n2024-10-18 16:41 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 and services giant Meituan surged over 10% on Friday, riding a wave of optimism that swept through Hong Kong markets after a slew of positive economic data and fresh ...</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":"1129101644","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1129101644","pubTimestamp":1729240873,"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 and services giant Meituan surged over 10% on Friday, riding a wave of optimism that swept through Hong Kong markets after a slew of positive economic data and fresh stimulus measures from Beijing.The jump in Meituan's stock price was part of a broader rally, with the Hang Seng Index climbing 3.6% as investors cheered stronger-than-expected growth figures for China's economy in the third quarter. The country's GDP expanded 4.6%, beating forecasts of 4.5%, while in","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03690":"美团-W"},"translate_title":"乐观的中国数据和刺激措施提振市场情绪，美团-W股市飙升逾10%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03690":1},"content_text":"Shares of Chinese food delivery and services giant Meituan surged over 10% on Friday, riding a wave of optimism that swept through Hong Kong markets after a slew of positive economic data and fresh stimulus measures from Beijing.\nThe jump in Meituan's stock price was part of a broader rally, with the Hang Seng Index climbing 3.6% as investors cheered stronger-than-expected growth figures for China's economy in the third quarter. The country's GDP expanded 4.6%, beating forecasts of 4.5%, while industrial production and retail sales also surprised on the upside.\nMarket sentiment received an additional boost after the People's Bank of China unveiled a series of supportive measures, including a cut in reserve requirement ratios for banks and the launch of a 300 billion yuan ($41 billion) re-lending program aimed at providing affordable credit to businesses.","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":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":"4.30.2","shortVersion":"4.30.2","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/1129101644"}