Why Tencent Stock Was Falling Today
Shares of Tencent (OTC: TCEHY), the Chinese tech giant and owner of the WeChat superapp, were tumbling Monday after the U.S. Department of Defense listed the company as a Chinese military entity in a Federal Register filing.
Such a move could carry significant implications for Tencent on trade, technology, and intellectual property, so it's not surprising that its stock fell in the wake of that news. As of 1:36 p.m. ET, Tencent shares were down 9.7% for the session.
Image source: Getty Images.
Source Fool.com
Tencent Holdings Ltd. Aktie
66,50 €
0,68 %
Leichtes Buy-Interesse bei Tencent Holdings Ltd., mit mehr Buy- als Sell-Einschätzungen.
Ein unerwartetes Potenzial von -6.77% für Tencent Holdings Ltd., obwohl das Kursziel von 62 € den aktuellen Kurs von 66.5 € unterschreitet.
