A man walks in front of the screen showing stock exchange and economic data in Shanghai, in October 2021. Photo: EPA-EFE
A man walks in front of the screen showing stock exchange and economic data in Shanghai, in October 2021. Photo: EPA-EFE

Hong Kong stocks fall most in a week as Meituan slides before earnings report while new data underpins Fed tightening bias

  • Meituan is set to report a wider net loss as crackdown and lockdown likely eroded earnings power last quarter, analysts forecast
  • Strong US manufacturing data and job openings heightened concerns about the Federal Reserve’s super hawkish policy

A man walks in front of the screen showing stock exchange and economic data in Shanghai, in October 2021. Photo: EPA-EFE
A man walks in front of the screen showing stock exchange and economic data in Shanghai, in October 2021. Photo: EPA-EFE
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