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Why Tencent Music Stock Surged Today

TheMotleyFool

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Shares of Tencent Music Entertainment Group (NYSE: TME) rose as much as 11.3% in morning trading today, even on no company-specific news. Tencent Music joined a broader swath of Chinese stocks that got some relief after China's central bank loosened monetary conditions to boost growth on Tuesday.

Additionally, this weekend brought further relief to investors in U.S.-listed Chinese companies, as fears of imminent delistings faded.

Image source: Getty Images.

Source Fool.com

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