Hong Kong Stocks Slide for Fourth Day As Meituan Tumbles 11% to Lowest Since April 2020 on Slowdown Warning

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Hong Kong Stocks Slide for Fourth Day As Meituan Tumbles 11% to Lowest Since April 2020 on Slowdown Warning

South China Morning Post2023-11-29

Hong Kong stocks fell for a fourth day, dragging the benchmark index to the lowest level in three weeks. China’s top food-delivery platform operator Meituan plunged after warning about a slowdown in ...

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StockMaskter
·2023-11-29
All these LJ china stocks hopeless. For stupid investors with plenty of $ to burn
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China’s top food-delivery platform operator Meituan plunged after warning about a slowdown in ...</p>\n\n<a href=\"https://www.scmp.com/business/markets/article/3243171/hong-kong-stocks-slide-fourth-day-meituan-tumbles-11-lowest-april-2020-slowdown-warning?module=latest&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":"HSI","symbol_name":"恒生指数","start_time":0,"source_url":"https://www.scmp.com/business/markets/article/3243171/hong-kong-stocks-slide-fourth-day-meituan-tumbles-11-lowest-april-2020-slowdown-warning?module=latest&pgtype=homepage","article_id":"1128126180","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1128126180","pubTimestamp":1701226238,"sourceInfo":{"source_id":"lsy1600132093512","name":"South China Morning Post"},"weMediaInfo":null,"summary":"Hong Kong stocks fell for a fourth day, dragging the benchmark index to the lowest level in three weeks. 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For stupid investors with plenty of $ to burn","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/246605073002576","repostId":1128126180,"repostType":2,"repost":{"id":"1128126180","pubTimestamp":1701226238,"share":"https://www.laohu8.com/m/news/1128126180?lang=&edition=full","pubTime":"2023-11-29 10:50","market":"hk","language":"en","title":"Hong Kong Stocks Slide for Fourth Day As Meituan Tumbles 11% to Lowest Since April 2020 on Slowdown Warning","url":"https://stock-news.laohu8.com/highlight/detail?id=1128126180","media":"South China Morning Post","summary":"Hong Kong stocks fell for a fourth day, dragging the benchmark index to the lowest level in three weeks. 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Baidu dropped 3.3 percent to HK$116 while BYD slipped 1.6 percent to HK$215.60.</p><p>This week’s setback has trimmed the Hang Seng Index’s advance in November to 0.7 percent. The 80-member benchmark index slumped almost 15 percent in the preceding three months, as China’s sluggish economic recovery eroded optimism among investors.</p><p>Elsewhere, Alibaba Health surged 3.2 per cent to HK$4.81. The company agreed to buy AJK Technology, the healthcare marketing unit of Alibaba Group’s Taobao, for HK$13.5 billion (US$1.7 billion). The firm also appointed Shen Difan as its new chief executive officer.</p><p>Beijing Jingyi Automation Equipment jumped 103 percent to 65 yuan on its first day of trading in Shanghai.</p><p>Other major Asian markets were mixed. 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China’s top food-delivery platform operator Meituan plunged after warning about a slowdown in ...</p>\n\n<a href=\"https://www.scmp.com/business/markets/article/3243171/hong-kong-stocks-slide-fourth-day-meituan-tumbles-11-lowest-april-2020-slowdown-warning?module=latest&pgtype=homepage\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSI":"恒生指数","03690":"美团-W"},"source_url":"https://www.scmp.com/business/markets/article/3243171/hong-kong-stocks-slide-fourth-day-meituan-tumbles-11-lowest-april-2020-slowdown-warning?module=latest&pgtype=homepage","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128126180","content_text":"Hong Kong stocks fell for a fourth day, dragging the benchmark index to the lowest level in three weeks. China’s top food-delivery platform operator Meituan plunged after warning about a slowdown in demand for its services.The Hang Seng Index dropped 1.5 per cent to 17,092.12 at 10.40am local time, the lowest level since November 10. The Tech Index retreated 1.4 per cent while the Shanghai Composite Index lost 0.3 per cent.Meituan tumbled 11 percent to HK$91.65, a level not seen since April 2020, after the company said business will cool this quarter. Alibaba Group weakened 2.8 percent to HK$72.30 and JD.com slid 1.3 percent to HK$106.90 on concerns rival PDD Holdings is gaining market share. Baidu dropped 3.3 percent to HK$116 while BYD slipped 1.6 percent to HK$215.60.This week’s setback has trimmed the Hang Seng Index’s advance in November to 0.7 percent. The 80-member benchmark index slumped almost 15 percent in the preceding three months, as China’s sluggish economic recovery eroded optimism among investors.Elsewhere, Alibaba Health surged 3.2 per cent to HK$4.81. The company agreed to buy AJK Technology, the healthcare marketing unit of Alibaba Group’s Taobao, for HK$13.5 billion (US$1.7 billion). The firm also appointed Shen Difan as its new chief executive officer.Beijing Jingyi Automation Equipment jumped 103 percent to 65 yuan on its first day of trading in Shanghai.Other major Asian markets were mixed. Japan’s Nikkei 225 slipped 0.1 percent, while South Korea’s Kospi climbed 1.1 percent and Australia’s S&P/ASX 200 added 0.4 percent.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":10,"commentSize":0,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}