Tencent Music shares are trading lower amid weakness in Chinese stocks following earnings from Alibaba.
Portfolio Pulse from Benzinga Newsdesk
Tencent Music shares are trading lower due to weakness in Chinese stocks following Alibaba's earnings report.
May 18, 2023 | 4:40 pm
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Tencent Music shares are trading lower amid weakness in Chinese stocks after Alibaba's earnings.
Tencent Music shares are trading lower due to the overall weakness in Chinese stocks caused by Alibaba's earnings report. As a result, TME's stock price is likely to be negatively impacted in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100