Chinese short video platform $KUAISHOU-W (01024.HK)$ extends...

Chinese short video platform $KUAISHOU-W(01024.HK)$ extends its decline by 3% in Hong Kong, as Morgan Stanley downgraded the company from Overweight to Equalweight, and chopped its target price to HK$55 from HK$70, due to a gradual decline in market share and a slowdown in gross profit expansion as a result of rising sales and marketing expenses.