An electronic board displaying the stock index and prices at a securities brokerage in Beijing. Photo: EPA-EFE
An electronic board displaying the stock index and prices at a securities brokerage in Beijing. Photo: EPA-EFE

Hong Kong stocks slammed by Meituan on Tencent divestment report, while developers surge on state financial backing

  • Meituan sank by about 9 per cent after a Reuters report saying Tencent is considering selling part or all of its 17 per cent stake by this year
  • Corporate earnings in focus as Li Auto and Sunny Optical failed to spark with their latest report cards and HKEX comes up next on Wednesday

An electronic board displaying the stock index and prices at a securities brokerage in Beijing. Photo: EPA-EFE
An electronic board displaying the stock index and prices at a securities brokerage in Beijing. Photo: EPA-EFE
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