Hong Kong stocks slammed by JD.com after share placement deal while market waits for Meituan earnings surprise

//Hong Kong stocks slammed by JD.com after share placement deal while market waits for Meituan earnings surprise

Hong Kong stocks slammed by JD.com after share placement deal while market waits for Meituan earnings surprise

Hong Kong stocks fell, trimming weekly gain after shares of JD.com tumbled following a US$1.1 billion fundraising by its logistics arm. Traders kept risk appetite in check pending more potential slip-up in Big Tech earnings.The Hang Seng Index dropped 1.6 per cent to 21,590.25 at the local noon trading break, reducing the recovery this week to 0.8 per cent. The Tech index weakened 2.6 per cent, while the Shanghai Composite Index slid 0.5 per cent.JD.com, the third-largest Tech Index member,…

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By | 2022-03-25T02:54:47+00:00 March 25th, 2022|Business|Comments Off on Hong Kong stocks slammed by JD.com after share placement deal while market waits for Meituan earnings surprise