Major China tech stocks plunge as sell-off builds
On Thursday morning, Chinese IT giants’ stocks plummeted after Tencent posted disappointing earnings, fueling fears of a bleak earnings season as China’s economic outlook worsened. Tencent’s Hong Kong-listed shares plunged more than eight percent in early trading before paring losses slightly, a day after it posted its slowest revenue gain since going public in 2004. … Read more