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.Warsh's Hawkish Tilt Contributes To Weakness On Wall Street
rttnews·- Wall Street stocks moved mostly lower on Friday, with major averages declining and partially offsetting the previous session's strength. - The Nasdaq slid 138.93 points or 0.5 percent to 26,402.42, while the S&P 500 fell 19.23 points or 0.3 percent to 7,711.76. - The Dow posted a more modest loss, edging down 9.45 points or less than a tenth of a percent to 53,559.99.