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Hong Kong 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…
Meituan slumps after warning about a slowdown in demand, erasing almost all of its post-Covid rebound. The Hang Seng Index has erased all of its gain in November, having also lost 15 per cent in the preceding three months.
Local stocks suffer another bout of selling amid concerns about weakening earnings and economic recovery momentum. Small-caps in Beijing slump by the most on record amid measures to cool recent gains.
Stocks approach a two-week low before government reports this week that may underline China’s struggle to revive its faltering economy. BYD tumbles on concerns about price war.
Stocks pare gains in week as corporate earnings so far from Hang Seng Index members trail market projection with tech and banks the biggest culprits.