Hong Kong stocks retreat as Meituan sinks before earnings date while JD.com, NetEase lead gains among new index members

//Hong Kong stocks retreat as Meituan sinks before earnings date while JD.com, NetEase lead gains among new index members

Hong Kong stocks retreat as Meituan sinks before earnings date while JD.com, NetEase lead gains among new index members

Hong Kong stocks fell to near a two-week low as investors absorbed a slew of poor tech earnings and more companies including Meituan and Kuaishou Technology prepare to publish their quarterly report cards.The Hang Seng Index fell 0.4 per cent to 24,962.11 at the local noon trading break. The benchmark lost 1.1 per cent last week, following a series of underwhelming earnings from the tech sector. The Hang Seng Tech Index declined 0.8 per cent while the Shanghai Composite advanced 0.7 per cent…

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By | 2021-11-22T02:20:59+00:00 November 22nd, 2021|Business|Comments Off on Hong Kong stocks retreat as Meituan sinks before earnings date while JD.com, NetEase lead gains among new index members