HK Stocks Close Lower. Hang Seng Index Down 1.85%; Mixue Group up 10.8%; NIO Up 3%; Alibaba, JD.com, Meituan, SMIC Down Around 4%

Market Express03-10

Hong Kong stock market closed lower Monday on investor worries about deflation after China reported a decline in consumer prices.

The Hang Seng Index fell by 1.85%, the Hang Seng China Enterprises Index dropped by 2.12%, the Hang Seng Tech Index decreased by 2.52%, and the Hang Seng Composite Index declined by 1.19%.

Official data released on Sunday showed that China’s consumer price index (CPI), a gauge for measuring inflation, fell 0.7 per cent in February from a year earlier, versus a 0.5 per cent gain in the previous month.

Mixue Group up 10.8%; NIO Up 3%; Alibaba, JD.com, Meituan, SMIC down around 4%; Tencent, Xiaomi down about 3%.

Last Monday, the bubble tea chain Mixue's shares jumped by more than 40% in their Hong Kong Stock Exchange debut.

The company raised $444m (£352m) in the financial hub's biggest initial public offering (IPO) of the year.

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Hang Seng Index Down 1.85%; Mixue Group up 10.8%; NIO Up 3%; Alibaba, JD.com, Meituan, SMIC Down Around 4%","media":"Market Express","content":"<html><head></head><body><p>Hong Kong stock market closed lower Monday on investor worries about deflation after China reported a decline in consumer prices.</p><p>The Hang Seng Index fell by 1.85%, the Hang Seng China Enterprises Index dropped by 2.12%, the Hang Seng Tech Index decreased by 2.52%, and the Hang Seng Composite Index declined by 1.19%.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/e5c6b6c907cd5fd47080dee5b9a7a115\" title=\"\" tg-width=\"945\" tg-height=\"150\"/></p><p>Official data released on Sunday showed that China’s consumer price index (CPI), a gauge for measuring inflation, fell 0.7 per cent in February from a year earlier, versus a 0.5 per cent gain in the previous month.</p><p><a href=\"https://laohu8.com/S/02097\">Mixue Group</a> up 10.8%; NIO Up 3%; Alibaba, JD.com, Meituan, SMIC down around 4%; Tencent, Xiaomi down about 3%.</p><p>Last Monday, the bubble tea chain Mixue&#39;s shares jumped by more than 40% in their Hong Kong Stock Exchange debut.</p><p style=\"text-align: start;\">The company raised $444m (£352m) in the financial hub&#39;s biggest initial public offering (IPO) of the year.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/9b060a89b55544ba8784e0cd422273bc\" title=\"\" tg-width=\"511\" tg-height=\"774\"/></p><p></p></body></html>","source":null,"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>HK Stocks Close Lower. 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