HSI Opens Down 164 Pts; MEITUAN-W Leaps 2.5% Against Mkt; LONGFOR GROUP Up 5%+
AASTOCKS News·- Influenced by US Federal Reserve Chair Kevin Warsh's stance on inflation and rate hikes, the HSI opened down 164 points at 25,420. - MEITUAN-W bucked the market trend to open 2.52% higher following a 14.4% leap in 2Q revenue, while LONGFOR GROUP surged 5.74% on business projections. - Major tech stocks experienced mixed performance, and resource stocks generally declined amid various corporate earnings reports.