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 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
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
Business /  Markets

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

Topic |   Hong Kong stock market
Zhang Shidong
Zhang Shidong in Shanghai

Updated: 5:33pm, 31 May, 2021

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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 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
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
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