A pedestrian walks past Tencent Holdings’s headquarters in Shenzhen, China. Qilai Shen | Bloomberg | Getty Images Shares of Chinese technology giant Tencent seesawed on Thursday as analysts assessed the company’s mixed earnings results as well as the potential impact of the coronavirus outbreak. Hong Kong-listed shares of Tencent popped over 3% in early trade, […]
Tag: Hang Seng Index
Mainland Chinese stocks plunge as coronavirus fears grip investors
The Shanghai composite fell greater than 3% whereas the Shenzhen element dropped past 4%. The Shenzhen composite additionally declined 4.259%. Hong Kong’s Hang Seng index additionally fell 2.21%. Elsewhere, the Nikkei 225 in Japan slipped 0.98% to shut at 23,795.44 whereas the Topix index additionally shed 0.78% to finish its buying and selling day […]
Hong Kong leads losses among major markets following Moody’s downgrade
The Hang Seng index within the embattled metropolis fell 2.29% by the afternoon, with shares of life insurer AIA plunging past 3%. The strikes got here following the rankings downgrade from Moody’s on Monday, the place the company additionally modified its outlook for Hong Kong to steady from destructive. The metropolis has been stricken […]