Hong Kong Stocks Shine After China Datas; Meituan Jumps 10%; Alibaba Gains 4%
Hong Kong stocks rose in morning trading. Chinese growth and activity data is due at 10:00 local time. China’s largest state-owned lenders have cut their deposit rates on Friday, their second reduction this year. Major banks including Industrial & Commercial Bank of China Ltd. and China Construction Bank Corp. trimmed the interest offered on one-year, two-year, three-year and five-year time deposits by 25 basis points, according to levels shown on their respective apps.The Hang Seng Index rose 0
