Tue, 27 Jul 2021 07:47:26 GMT
Tencent stock drops
During Tuesday's Asian trading hours, the stock price for Tencent, 0700.HK/HKD, dropped by 6.50% or 31.00 HKD. Moreover, the stock price extended a larger decline, which has been occurring since July 15. In total, the price has declined by 22.18%
The decline is attributed to a string of bad news.
Namely, on July 10, the Chinese government blocked a video