Hong Kong Stock Movement: MSCTECH down 13.57%

Hong Kong Stock Movement

Stocks with High Trading Volume in the Industry

Meituan-W rose 4.99%, with a trading volume of HKD 13.6 billion. Based on recent important news:

1. On September 17, Meituan's international food delivery brand Keeta entered the Kuwaiti market, demonstrating its active overseas expansion and driving up the stock price. Keeta has seen strong user growth in the Middle East and plans to enter the UAE by the end of the year. Source: Jinwu Financial News

2. On September 16, Huachuang Securities reported that Meituan's Q2 revenue grew by 11.7%, but profit margins declined due to intense competition leading to a drop in core business profits. Source: Jinwu Financial News

3. On September 16, Guozheng International's research report stated that Meituan is building Agent capabilities within its ecosystem and may launch flagship products in the future, boosting market confidence. Source: Zhitong Finance, Hong Kong tech stocks benefit from global liquidity easing.

Haidilao rose 1.98%, with a trading volume of HKD 385 million. According to recent key news:

1. On September 15, CITIC Securities released a research report rating Haidilao as "outperforming the market," noting that the company is prioritizing improving table turnover rates and store renovations, which has enhanced market confidence and driven up the stock price.

2. On September 16, Haidilao handled the "urination incident" appropriately, quickly issuing full refunds and tenfold compensation, winning consumer trust and enhancing its brand image, benefiting the stock price.

3. On September 15, Founder Securities released a research report recommending Haidilao, further boosting investor confidence and driving up the stock price. The overall performance of the restaurant industry is good, supported by policies.

Stocks with High Market Capitalization in the Industry

Mixue Group fell 0.05%, with a market capitalization of HKD 151.4 billion. Based on recent key news:

1. On September 16, Mixue Group announced plans to build a factory in South America. Although the number of stores may fluctuate in the short term, Mixue Ice City remains the largest Chinese tea brand overseas. This news has drawn market attention to its long-term growth potential, leading to stock price fluctuations.

2. On September 15, Mixue Ice City's overseas expansion performed well, with nearly 5,000 overseas stores expected by the end of 2024, further solidifying its market position. This news has boosted investor confidence, driving up the stock price.

3. On September 15, Mixue Ice City is exploring diversified store types to adapt to different city tiers and consumption scenarios, further tapping into incremental space. This initiative is seen by the market as an important driver of its future growth, affecting stock price fluctuations. The industry overall is performing well, with stable macroeconomic data