Tencent Holdings Stock Slides 2.9% in Hong Kong, Underperforms Competitors

Dow Jones10-22 16:33

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

Shares of Tencent Holdings Ltd. slipped 2.9% to 382.40 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 3.0% to 22934.68.

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

Tencent Holdings Ltd. closed 42% short of its 52-week high of HK$664.00, which the company achieved Oct. 30.

The stock underperformed when compared to some of its competitors, as China Mobile Ltd. fell 0.3% and Crazy Sports Group Ltd. remained unchanged.

Trading volume totaled 60.8 million shares, compared to the 50-day average of 21.1 million shares.

Data source: Dow Jones Market Data, FactSet

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