Nov 24 (Reuters) - Hong Kong shares finished up on Wednesday
as Meituan and AIA jumped. The food delivery giant Meituan
rebounded after falling for five straight sessions ahead of its
earnings on Friday.
The Hang Seng index rose 0.1%, to 24,685.50, while
the China Enterprises Index lost 0.4%, to 8,794.82
** Meituan jumped 3% after dropping more than 10%
in previous five sessions on concerns over its earnings results,
making it the biggest percentage gainer on the Hang Seng Index
** "We are positive on Meituans outlook as most of
the negatives from policy and weather/COVID fronts are
likely to be behind us," said TH Data Capital in a note.
** Insurance firm AIA Group rose 2.6%, the index
heavyweight dragged the Hang Seng Index down more than 50
** The Hang Seng Tech Index declined 0.5% on
lingering worries over the sector's poor earnings and the
** Xiaomi Corp led the drop in tech firms,
slumping nearly 7% after it reported a smaller-than-expected
8.2% rise in third-quarter revenue as smartphone sales growth
stalled amid intensifying competition from rivals.
** Alibaba Group extended losses on lingering
worries over its disappointing revenue and outlook, down 0.9% to
HK$131.8, a record low in the Hong Kong market.
(Reporting by the Shanghai Newsroom, Editing by Louise Heavens)