Stock Track | Meituan Stock Plummets as Hong Kong Market Tumbles

Stock Track2024-10-08

Shares of Chinese food delivery giant Meituan plummeted by 5.16% on Tuesday, as the broader Hong Kong market opened lower amid growing concerns over China's economic outlook.

The Hang Seng Index fell 1.1% in early trading, while the Hang Seng Tech Index, which tracks the city's major technology stocks, dropped 1.7%. Meituan's sharp decline came as part of a broader selloff in Chinese tech stocks, with e-commerce giants Alibaba and JD.com losing 2.9% and 6.9%, respectively.

The market jitters were fueled by investor uncertainty over the details of China's plans to support its faltering economy, which are expected to be announced later on Tuesday. The Chinese government has been under pressure to introduce measures to bolster growth amid a protracted economic slowdown exacerbated by the lingering effects of the COVID-19 pandemic and global trade tensions.

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/1145016782?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-08 09:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1145016782","market":"hk","top_or_hot":-1,"title":"Stock Track | Meituan Stock Plummets as Hong Kong Market Tumbles","media":"Stock Track","content":"<html><body><p>Shares of Chinese food delivery giant Meituan plummeted by 5.16% on Tuesday, as the broader Hong Kong market opened lower amid growing concerns over China's economic outlook.</p>\n<p>The Hang Seng Index fell 1.1% in early trading, while the Hang Seng Tech Index, which tracks the city's major technology stocks, dropped 1.7%. Meituan's sharp decline came as part of a broader selloff in Chinese tech stocks, with e-commerce giants Alibaba and JD.com losing 2.9% and 6.9%, respectively.</p>\n<p>The market jitters were fueled by investor uncertainty over the details of China's plans to support its faltering economy, which are expected to be announced later on Tuesday. The Chinese government has been under pressure to introduce measures to bolster growth amid a protracted economic slowdown exacerbated by the lingering effects of the COVID-19 pandemic and global trade tensions.</p></body></html>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta content=\"text/html; charset=utf-8\" http-equiv=\"Content-Type\"/>\n<meta content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\" name=\"viewport\"/>\n<meta content=\"telephone=no,email=no,address=no\" name=\"format-detection\"/>\n<title>Stock Track | Meituan Stock Plummets as Hong Kong Market Tumbles</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 Stock Plummets as Hong Kong Market Tumbles\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2024-10-08 09:42</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Shares of Chinese food delivery giant Meituan plummeted by 5.16% on Tuesday, as the broader Hong Kong market opened lower amid growing concerns over China's economic outlook.</p>\n<p>The Hang Seng Index fell 1.1% in early trading, while the Hang Seng Tech Index, which tracks the city's major technology stocks, dropped 1.7%. Meituan's sharp decline came as part of a broader selloff in Chinese tech stocks, with e-commerce giants Alibaba and JD.com losing 2.9% and 6.9%, respectively.</p>\n<p>The market jitters were fueled by investor uncertainty over the details of China's plans to support its faltering economy, which are expected to be announced later on Tuesday. The Chinese government has been under pressure to introduce measures to bolster growth amid a protracted economic slowdown exacerbated by the lingering effects of the COVID-19 pandemic and global trade tensions.</p>\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":"1145016782","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1145016782","pubTimestamp":1728351769,"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 plummeted by 5.16% on Tuesday, as the broader Hong Kong market opened lower amid growing concerns over China's economic outlook.The Hang Seng Index fell 1.1% in early trading, while the Hang Seng Tech Index, which tracks the city's major technology stocks, dropped 1.7%. Meituan's sharp decline came as part of a broader selloff in Chinese tech stocks, with e-commerce giants Alibaba and JD.com losing 2.9% and 6.9%, respectively.The market jitters were ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"03690":"美团-W"},"translate_title":"股票赛道香港市场暴跌美团股价暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03690":1},"content_text":"Shares of Chinese food delivery giant Meituan plummeted by 5.16% on Tuesday, as the broader Hong Kong market opened lower amid growing concerns over China's economic outlook.\nThe Hang Seng Index fell 1.1% in early trading, while the Hang Seng Tech Index, which tracks the city's major technology stocks, dropped 1.7%. Meituan's sharp decline came as part of a broader selloff in Chinese tech stocks, with e-commerce giants Alibaba and JD.com losing 2.9% and 6.9%, respectively.\nThe market jitters were fueled by investor uncertainty over the details of China's plans to support its faltering economy, which are expected to be announced later on Tuesday. The Chinese government has been under pressure to introduce measures to bolster growth amid a protracted economic slowdown exacerbated by the lingering effects of the COVID-19 pandemic and global trade tensions.","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":1,"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":"4.31.5","shortVersion":"4.31.5","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/1145016782"}