In Hong Kong the Hang Seng Index fluctuated after initially being lifted by a rebound in Meituan, which saw its stock hammered earlier in the week following China’s new regulations on the food delivery sector. The Hang Seng Tech Index rose 0.8%, set for its first gain in four sessions.
HONG KONG: China’s benchmark equity index fluctuated on the brink of a bear market yesterday despite efforts by state media to bolster investor confidence shaken by concerns over Beijing’s escalating regulatory crackdown.
The CSI 300 Index fell as much as 1.8% before erasing the decline to briefly trade higher, with the gauge teetering near a 20% decline from a February peak.
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