Tencent Holdings Stock Falls 2.2% in Hong Kong

Dow Jones10-08 16:32

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

Shares of Tencent Holdings Ltd. shed 2.2% to 411.40 Hong Kong dollars on what proved to be an all-around dismal trading session for the Hong Kong stock market, with the Hang Seng Index falling 1.4% to 23785.79.

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

Tencent Holdings Ltd. closed 40% short of its 52-week high of HK$681.00, which the company reached Oct. 9.

The stock demonstrated a mixed performance when compared to some of its competitors, as China Mobile Ltd. rose 0.4% and Crazy Sports Group Ltd. fell 2.4%.

Trading volume totaled 30.2 million shares, compared to the 50-day average of 22.0 million shares.

Data source: Dow Jones Market Data, FactSet

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