The Hang Seng Index opened down 0.28%, Meituan fell nearly 5%

[09:21]

The Hang Seng Index opened down 0.28%, and the Hang Seng Tech Index opened down 0.52%.

In terms of individual stocks, Meituan fell nearly 5%. Previously, the financial report showed that Meituan's Q1 revenue exceeded expectations with a year-on-year growth of 18.1%. Both core and new businesses performed well, with strong growth in flash sales. Meituan's conference call stated that it would spare no effort to win the competition, and it is expected that the local business operating profit margin will drop significantly in Q2, with no accurate performance guidance available at this time.

[09:00]

Domestic commodity futures opened lower in the morning, with most declining. Alumina and polysilicon fell over 3%, pulp dropped more than 2%, PX and short fibers fell over 1%, while hot-rolled coils and cotton yarn saw slight declines; Shanghai zinc and NR rose over 1%, and caustic soda and international copper saw slight increases.