深夜，中概股下挫！

Core Viewpoint - The article highlights the decline of major US stock indices and the significant drop in Chinese concept stocks, particularly Meituan, which reported disappointing earnings and faced intense competition in the food delivery sector [1][2][4]. Group 1: Market Performance - US stock indices opened lower on Wednesday, indicating a bearish market sentiment [1]. - The Nasdaq China Golden Dragon Index fell over 2%, reflecting the struggles of Chinese stocks in the US market [2]. - Meituan's American Depositary Receipts (ADR) dropped over 9% following its second-quarter earnings report, which missed revenue expectations [4]. Group 2: Meituan's Financial Performance - Meituan reported second-quarter revenue of 91.84 billion RMB, a year-on-year increase of 11.7%, but below the expected 93.69 billion RMB [4]. - The adjusted net profit for the second quarter was 1.49 billion RMB, a significant decline of 89% year-on-year, compared to the forecast of 9.85 billion RMB [4]. - The core local commerce segment's revenue grew by 7.7% to 65.3 billion RMB, but operating profit fell sharply by 75.6% to 3.7 billion RMB due to irrational competition [4]. Group 3: Economic Indicators - Recent US economic data suggests a cautious approach to inflation, while also indicating weakened confidence in employment [6]. - The Producer Price Index (PPI) in July saw its largest increase in three years, indicating that businesses are raising prices to offset rising costs [7]. - However, the US labor market appears to be softening, with a significant downward revision in job growth and an increase in the unemployment rate to 4.2% [8].