Trip.com climbs to six-week high as China antitrust fine eases investor uncertainty

Trip.com

27/07/2026 03:27

** Shares of Trip.com Group 9961.HK rise 7.7% to HK$369, their highest level since June 17
** Stock of China's largest online travel platform tops as biggest pct gainer in benchmark Hang Seng Index .HSI, which adds 0.4%
** China's market regulator State Administration for Market Regulation (SAMR) said on Saturday it fined and confiscated a total of 5.2 billion yuan ($770 million) from Trip.com for abusing its dominant position in the domestic online hotel-booking market
** Jefferies, with "buy" rating on the stock, says the decision removes the share price overhang on penalty amount and is a positive as the investigation has lasted a bit more than six months
** Citi keeps "buy" rating, cites SAMR's fine is less negative than some investors feared and the conclusion could lift the overhang that has weighed on the shares for a while 
** YTD, stock down 35.3%, Hang Seng TECH Index .HSTECH down 15.3%

($1 = 6.7661 Chinese yuan)

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))