Hang Seng Index Extends Losses on China Woes Despite Tencent Gains
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The Hang Seng Index fell by 1% due to concerns over tariffs, with Chinese equities, particularly in the property and tech sectors, experiencing declines. Despite this, Tencent saw gains.
November 14, 2024 | 4:00 am
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Tencent's stock managed to gain despite the overall decline in the Hang Seng Index, which was affected by tariff concerns and pressure on Chinese equities.
Tencent's gains are notable as they occur against a backdrop of broader market declines in the Hang Seng Index, driven by tariff concerns. This suggests resilience in Tencent's stock, potentially due to company-specific factors or investor confidence.
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