Tencent Holdings Stock Slips 1.9% in Hong Kong

Dow Jones16:33

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Tencent Holdings Ltd. shed 1.9% to 425.60 Hong Kong dollars on what proved to be an all-around poor trading session for the Hong Kong stock market, with the Hang Seng Index falling 1.3% to 24954.47.

This was the stock's fourth consecutive day of losses.

Tencent Holdings Ltd. closed 38% short of its 52-week high of HK$683.00, which the company achieved Oct. 2.

The stock demonstrated a mixed performance when compared to some of its competitors, as China Mobile Ltd. fell 0.1% and Crazy Sports Group Ltd. fell 4.1%.

Trading volume totaled 22.3 million shares, compared to the 50-day average of 27.8 million shares.

Data source: Dow Jones Market Data, FactSet

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