BUZZ-Prosus shares track Tencent gains on AI push, U.S. comments on Iran war
Reuters03-10
BUZZ-Prosus shares track Tencent gains on AI push, U.S. comments on Iran war
** Shares in Prosus PRX.AS jump 8.7%, tracking a 7% rally in Tencent's 0700.HK shares
** SBG securities analyst Nadim Mohamed says Tencent's move is driven by the release of its new AI assistant based on OpenClaw technology, which could represent the next evolution of AI towards automation and computer control
** Tencent represents around 80% of Prosus' net asset value, the analyst adds
** Mohamed also points to lower oil-related risks after U.S. President Donald Trump's comments on the potential for the Iran war to be over quickly
** Shares on track for their best day since November 2022
(Reporting by Hugo Lhomedet)
((hugo.lhomedet@thomsonreuters.com))
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments