Tencent Shares Slide After Pentagon Blacklists Chinese Tech Giant
Chinese internet giant Tencent’s shares slumped sharply on Tuesday after the company was added to a Pentagon blacklist for its alleged links with the Chinese military, prompting criticism from authorities in Beijing and denial by the company.
Tencent Shares Decline After US Adds Company to Chinese Military Blacklist
The US has blacklisted Tencent Holdings Ltd. and Contemporary Amperex Technology Co. Ltd. for alleged links to the Chinese military, targeting the world’s biggest gaming publisher and top electric-vehicle battery maker in a surprise move weeks before Donald Trump takes office.
The U.S. dollar was underpinned by rising Treasury yields amid expectations that Trump's fiscal and tariff policies may add to price pressures and keep U.S. interest rates higher for longer.
Most Asian stocks fell on Thursday as investors reacted to U.S. President-elect Donald Trump's tariff threats, a buoyant dollar and ...
Asian shares mostly slipped Thursday, led by losses of more than 2% in Chinese benchmarks, as the region’s main stock market ...
Fed Bank of Atlanta President Raphael Bostic said on Tuesday that officials should be cautious with policy decisions, given uneven progress on lowering inflation.
Other Chinese companies added to the list included battery maker CATL, which is part of the supply chain for automakers like ...
Chinese property developer Sunac China Holdings Ltd.’s shares and dollar notes fell to their lowest levels in months, as ...
Chinese shares closed lower, weighed down by losses in liquor and telecommunication stocks. The Shanghai and Shenzhen stock ...
Tencent’s addition to the Pentagon blacklist raises risks for further sanctions and trade restrictions on Chinese businesses, analysts say.
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