People cross the street beneath a jumbo screen showing the latest stock and currency exchange data in Shanghai in October last year. Photo: EPA-EFE
Hong Kong stocks advance in May as Meituan’s $17.5 billion rally counters China manufacturing data, yuan weakness
- Hang Seng Index erased losses in late trading after earlier data showing a slower gain in Chinese manufacturing
- Meituan surged 10.9 per cent in a US$17.5 billion one-day rally after its first-quarter revenue beats market estimates
People cross the street beneath a jumbo screen showing the latest stock and currency exchange data in Shanghai in October last year. Photo: EPA-EFE
