Tencent, Alibaba and Meituan Weigh on Hong Kong Stocks As Investors Await Key China Trade Data

South China Morning Post2023-05-09

Hong Kong stocks eased as investors await China’s trade data that will provide further clues on the strength of the country’s economic recovery. BYD fell after Berkshire Hathaway further cut its stake...

Source Link

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/1186409124?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-05-09 10:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1186409124","market":"hk","top_or_hot":-1,"title":"Tencent, Alibaba and Meituan Weigh on Hong Kong Stocks As Investors Await Key China Trade Data","media":"South China Morning Post","content":"<div>\n<p>Hong Kong stocks eased as investors await China’s trade data that will provide further clues on the strength of the country’s economic recovery. BYD fell after Berkshire Hathaway further cut its stake...</p>\n\n<a href=\"https://www.scmp.com/business/markets/article/3219869/tencent-alibaba-and-meituan-weigh-hong-kong-stocks-investors-await-key-china-trade-data?module=live&pgtype=homepage\">Source Link</a>\n\n</div>\n","source":"lsy1600132093512","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>Tencent, Alibaba and Meituan Weigh on Hong Kong Stocks As Investors Await Key China Trade Data</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\">\nTencent, Alibaba and Meituan Weigh on Hong Kong Stocks As Investors Await Key China Trade Data\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-09 10:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.scmp.com/business/markets/article/3219869/tencent-alibaba-and-meituan-weigh-hong-kong-stocks-investors-await-key-china-trade-data?module=live&pgtype=homepage><strong>South China Morning Post</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hong Kong stocks eased as investors await China’s trade data that will provide further clues on the strength of the country’s economic recovery. BYD fell after Berkshire Hathaway further cut its stake...</p>\n\n<a href=\"https://www.scmp.com/business/markets/article/3219869/tencent-alibaba-and-meituan-weigh-hong-kong-stocks-investors-await-key-china-trade-data?module=live&pgtype=homepage\">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":"00700","symbol_name":"腾讯控股","start_time":0,"source_url":"https://www.scmp.com/business/markets/article/3219869/tencent-alibaba-and-meituan-weigh-hong-kong-stocks-investors-await-key-china-trade-data?module=live&pgtype=homepage","article_id":"1186409124","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1186409124","pubTimestamp":1683600726,"sourceInfo":{"source_id":"lsy1600132093512","name":"South China Morning Post"},"weMediaInfo":null,"summary":"Hong Kong stocks eased as investors await China’s trade data that will provide further clues on the ","collect":0,"end_time":0,"defaultTopTitle":"scmp.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"00700":"腾讯控股","09988":"阿里巴巴-SW","03690":"美团-W"},"translate_title":"腾讯控股、阿里巴巴-SW和美团-W打压港股，投资者等待关键的对华贸易数据","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00700":0.9,"03690":0.9,"09988":0.9},"content_text":"Hong Kong stocks eased as investors await China’s trade data that will provide further clues on the strength of the country’s economic recovery. BYD fell after Berkshire Hathaway further cut its stake.The Hang Seng Index declined 0.5 percent to 20,194.59 as of 9.55am local time, snapping a three-day winning streak. The Tech Index retreated 0.8 per cent, while the Shanghai Composite weakened 0.2 per cent.Tencent Holdings slipped 1.5 percent to HK$335.80, Meituan tumbled 2.2 percent to HK$131.30 while Alibaba Group Holding eased 0.7 percent to HK$81.35. Macau casino operator Sands China dropped 2.1 percent to HK$25.55, while peer Galaxy Entertainment lost 0.6 percent to HK$52.90.What moved the Hang Seng Index?BYD fell 0.9 percent after Warren Buffett’s Berkshire Hathaway sold its stake for at least the 11th time since August, trimming its holding by 1.96 million shares in the world’s top-selling EV maker on May 2 at an average price of HK$235.64 each. The sale reduced its holding in the company to 9.87 per cent from 10.05 per cent.China is likely to report an 8 percent year-on-year increase in exports for April, compared with the 14.8 percent gain in March later on Tuesday, according to consensus tracked by Bloomberg. Imports are likely to narrow the decline to 0.2 percent from 1.4 percent in March.“The low base last year will likely mask the weakness in exports,” analysts including Robert Carnell at ING Wholesale Banking said in a note on Tuesday. “The data needs to be read carefully.”Elsewhere, Easy Smart Group, a fire-protection works contractor, slumped 33 percent to HK$0.86 on the first day of trading in Hong Kong.Asian markets were mixed before US inflation data on Wednesday. The S&P/ASX 200 in Australia and the Kospi in South Korea both fell 0.3 percent, while the Nikkei 225 in Japan rose 0.7 percent.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":17,"commentSize":0,"repostSize":0,"favoriteSize":2,"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":"4.22.4","shortVersion":"4.22.4","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/1186409124"}