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BUZZ-HK-listed good giant Meituan at 7-month low on consumer rights concerns

05/10/2021 21:46
BUZZ-HK-listed good giant Meituan at 7-month low on consumer rights concerns

** Shares of China's food delivery giant Meituan 3690.HK fall as much as 7.2% to HK$244, their lowest since Oct 5, on course for a tenth straight session of losses

** Stock is second-most actively traded shares by turnover; the second-biggest percentage decliner in the benchmark Hang Seng Index .HSI

** The Shanghai Consumer Council summoned Meituan and Pinduoduo PDD.O on Monday, regarding problems in their protection of consumer rights, urging them to better protect the legitimate rights and interests of consumers nL4T2MX30L

** The Hang Seng Tech Index .HSTECH falls 4.2%, and the benchmark index .HSI drops 2.1%

** As of last close, stock down 10.8% this year


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