Reported 1 day ago
Tencent Holdings Ltd. saw its shares decline significantly in US trading after the US Defense Department listed the company as a Chinese military business. Tencent, along with other firms like CATL, argues that this designation is a mistake, asserting they are not involved in military activities. Despite the lack of direct sanctions, the blacklist typically deters US firms from engaging with these companies. Tencent's stock fell nearly 10%, marking its largest drop in three months, amid ongoing challenges from the domestic market.
Source: YAHOO