Shanghai Composite edges lower in directionless trade, hovering around last Friday's close

Macro
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Summary · why it matters

The Shanghai Composite Index edged lower in directionless trade, fluctuating around last Friday's close. With few catalysts to move the overall market, a wait-and-see mood prevailed ahead of the release of June inflation data midweek. The Hang Seng Index rose for a third straight session, led by gains in major internet stocks, with Tencent and Meituan advancing and Kuaishou Technology surging nearly 8 percent.

Impact on stocks 3

Communication Services▲ · 1 stocks
Kuaishou Technology
1024
▲ PositiveDemandrelevance

Kuaishou Technology surged nearly 8 percent, leading gains in major internet stocks.

Digital Finance & Tokenization▲ · 1 stocks
Advanced Air Mobility (eVTOL)▲ · 1 stocks
Meituan
3690
▲ PositiveDemandrelevance

Meituan advanced as part of a rally in major internet stocks.

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