HK-listed good giant Meituan at 7-month low on consumer rights concerns_老虎社区_美港股上老虎

HK-listed good giant Meituan at 7-month low on consumer rights concerns

Reuters2021-05-11

** Shares of China's food delivery giant Meituan fall as much as 7.2% to HK$244, their lowest since Oct 5, on course for a tenth straight session of losses

** Stock is second-most actively traded shares by turnover; the second-biggest percentage decliner in the benchmark Hang Seng Index

** The Shanghai Consumer Council summoned Meituan and Pinduoduo on Monday, regarding problems in their protection of consumer rights, urging them to better protect the legitimate rights and interests of consumers

** The Hang Seng Tech Index falls 4.2%, and the benchmark index drops 2.1%

** As of last close, stock down 10.8% this year.

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SSVC
·2021-05-11
Buy only when it go down further.
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Jaeyu
·2021-05-11
Add position
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BpchuA
·2021-05-11
Cool
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