Hong Kong stocks fall most in 8 weeks, with Chinese delivery giant Meituan expected to report widening quarterly loss

//Hong Kong stocks fall most in 8 weeks, with Chinese delivery giant Meituan expected to report widening quarterly loss

Hong Kong stocks fall most in 8 weeks, with Chinese delivery giant Meituan expected to report widening quarterly loss

Hong Kong stocks dropped by the most in almost eight weeks on Friday, before an earnings release by Meituan that is expected to show a widening quarterly loss.The Hang Seng Index sank 1.6 per cent to 24,334.52 in early morning trading, and was set for its steepest loss since October 4. The Hang Seng Tech Index lost 1.7 per cent, while China’s Shanghai Composite Index slipped 0.3 per cent.Meituan, China’s biggest on-demand service delivery firm, slid 2.8 per cent to HK$266.60. Its third-quarter…

Article by [author-name] (c) Business - South China Morning Post - Read full story here.

By | 2021-11-26T02:40:10+00:00 November 26th, 2021|Business|Comments Off on Hong Kong stocks fall most in 8 weeks, with Chinese delivery giant Meituan expected to report widening quarterly loss