• Stocks are tumbling as Tencent's brutal earnings report reminds traders of Facebook's growth woes

    3 monthes ago - By Business Insider

    US stocks tumbled Wednesday after Chinese tech giant Tencent reported its first profit decline in almost 13 years, putting pressure on the US tech sector.
    Investors are watching tech especially closely for signs of a growth slowdown after Facebook said it had peaked for the year during a disastrous earnings report.
    Follow the tech-heavy Nasdaq 100 index.
    US stocks tumbled Wednesday after Chinese tech giant Tencent reported its first profit decline in almost 13 years , putting pressure on the mega-cap US tech firms that have led the market higher in recent months.
    Tencent's earnings shock...
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  • Chinese internet stocks are getting slammed after Tencent's profit drops for the first time in almost 13 years

    Chinese internet stocks are getting slammed after Tencent's profit drops for the first time in almost 13 years

    3 monthes ago - By Business Insider

    Tencent Holdings reported its first profit decline in nearly 13 years Wednesday.
    Shares are trading down almost 7% on Wednesday.
    The results are weighing on Chinese tech stocks traded in the US.
    Watch Tencent trade in real time here .
    Chinese tech stocks slid Wednesday in US trade after Tencent reported a surprise 2% drop in second-quarter net profit , the first decline for the Chinese tech giant in nearly 13 years. Tencent shares are down 6.67% following the results.
    The results were dragged down by slowing growth in mobile gaming and a decline in PC gaming. Mobile gaming revenue jumped...
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