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HSI Upswing Wilder to Over 200 Pts; CN Caterers, Staples Popular; TSINGTAO BREW, MEITUAN, NAYUKI Up Over 5-11%

AASTOCKS ·  May 31, 2022 15:35
The HSI last printed at 21,333, up 209 pts or 1%, on turnover of $97.3 billion, with the trough/ peak at 21,029/ 21,344 so far.
Chinese caterers and retailers continued to ride on the consumption stimulus measures launched by Shanghai and Shenzhen governments since China's epidemic subsided with Shanghai dialing back the anti-plague initiatives. NAYUKI (02150.HK), in particular, shot up 11% to $6.41.
For blue chips, MEITUAN-W (03690.HK) surged 5.8% to $185.2, whereas HAIDILAO (06862.HK) leaped 5.5% to $15.48.
TSINGTAO BREW (00168.HK) rallied 5.3% to $68.5.
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