NetEase, Baidu, Meituan hurt Hong Kong stocks, put third weekly gain in doubt

Quick Summary:

Hang Seng Index trades lower after pullback on Wall Street and disappointing earnings by Chinese blue chips.

Alibaba is upgrading its Hong Kong listing to primary status, a move that is expected to attract huge investments from mainland China.

Trimming the losses, Ping An Insurance advanced 1.5 per cent to HK$34.80 after reporting its best half-yearly performance in four years.

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Article Details

Author / Journalist: Aileen Chuang

Category: Business

Markets: Hong KongAustraliaChinaJapanSouth Korea

Topics: Friday Kong Chinese Hong Stocks Mainland Results Tech Cent Fell Index

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-23 @ 10:56:36 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 393 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22223206

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Official Website: scmp.com

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