Hang Seng Index holds near four-week high with Alibaba under pressure while Meituan advances

Hang Seng Index holds near four-week high with  Alibaba under pressure while Meituan advances

Hang Seng Index holds near four-week high with Alibaba under pressure while Meituan advances


Hong Kong stocks fluctuated near a four-week high as Alibaba Group Holding weighed on market sentiment ahead of the corporate earnings season. Meituan climbed after unveiling a US$10 billion fundraising.The Hang Seng Index was little changed at 29,129.65 as of 9.58 am local time, after earlier losing about 1 per cent. The gauge climbed to a four-week high on Monday. The Shanghai Composite Index rose less than 0.1 per cent to 3480.62.Alibaba dropped 2.2 per cent to HK$226.80 after Shanghai…

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