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TRIP.COM-S Dives 5%+, MEITUAN-W Sets ~2Yrs Low, as Travelers Suppressed
Recommend 31 Positive 57 Negative 32 |
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Overnight (3rd), the three major US stock indices softened, as the US military shot down an Iranian drone, and the US and Iran would reportedly hold talks in Oman this Friday (6th). Precious metals had a good run, with spot gold recouping the US$5,000 mark, and last quoting at US$5,049 per ounce, up nearly 2.1%. Hong Kong stocks opened lower this morning (4th). The HSI opened 37 points lower, before climbing 64 points to peak at 26,899. It ebbed back again later to its latest close at 26,676, down 158 points or nearly 0.6%, with a turnover of HK$119.278 billion. Travel platform-related stocks were suppressed this morning. TRIP.COM-S (09961.HK), previously involved in an anti-monopoly investigation in mainland China, opened 1.7% lower this morning (4th). With losses widened in the early session, it bottomed at HK$456.8. It last posted at HK$458.2, down 5.49%, with 3.0763 million shares traded, amounting to HK$1.429 billion. Its peer TONGCHENGTRAVEL (00780.HK) last stood at HK$23.18, down 1.95%, with a turnover of HK$61.1371 million. MEITUAN-W (03690.HK), engaged in travel booking services, hit a low of HK$91 during the session, breaking through its 52-week low and reaching a nearly two-year low since the end of March 2024. It last printed at HK$91.2, down 2.15%, with a turnover of HK$1.45 billion. BABA-W (09988.HK), the parent company of the travel platform Fliggy, last logged at HK$158.2, down 1.74%, with a turnover of HK$3.938 billion. AAStocks Financial News |
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