Home Blockchain News Tencent Slashes at $271 Billion Stock Slump with Massive 50% Recovery

Tencent Slashes at $271 Billion Stock Slump with Massive 50% Recovery

by Rss Feed from web
160 views
cryptocurrency news feed

Tencent, the world’s largest gaming company and one of the biggest social media service owners, saw its stock plummet in 2018, costing investors as much as $271 billion in losses. Tencent shares are now seeing a massive recovery fueled by opportunities from “Fortnite” and “Apex Legends” in China’s booming gaming sector and improving sentiment in the domestic stock market. Tencent Stock Rebounds 50% Compared to Last October Tencent’s share price has pumped over 8% this week alone. According to Bloomberg reporting and exchange data, Asian investors poured $304 million into Tencent stock on Monday. This compared to a dramatic low

The post Tencent Slashes at $271 Billion Stock Slump with Massive 50% Recovery appeared first on CCN

Click To Read Full Article

* First published on ccn.com

Related Posts

Leave a Comment