Market Updates
China THURSDAY
Inga Muller
28 Aug, 2025
Hong Kong
Hong Kong stocks fell on Thursday amid cloudy earnings outlook and looming trade uncertainty.
The Hang Seng index decreased 0.7%, but the mainland-focused CSI 300 index gained 0.6% amid sustained buying by domestic state-controlled investment arms.
The food delivery company, Meituan, reported sharply weaker quarterly results after the company was caught up in price war.
The ongoing price war in delivery services, and solar panel, electric vehicles, and storage battery markets have put financial pressures on several Chinese companies.
Moreover, the sharp rise in the U.S. import duties has added to uncertainty and volatility in sales, leading to a widespread disruptions in operations.
China Indexes and Stocks
The Hang Seng Index decreased 0.7% to 25,035.78, and the mainland-focused CSI 300 index advanced 0.6% to 4,416.20.
Meituan dropped 11% to HK $103.10, and the food delivery company reported a plunge in earnings in the second quarter.
Revenue in the quarter increased 12% to 91.8 billion yuan from 82.3 billion yuan, and net income dropped 97% to 356.3 billion yuan (about $51 million) from 11.4 billion yuan a year ago.
Delivery services revenue advanced 2.8%, commissions increased 16%, and online marketing services rose 10.4%, driving the overall revenue higher by 11.7%.
Annual Returns
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Earnings
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