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

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

source https://www.ccn.com/tencent-slashes-at-271-billion-stock-slump-with-massive-50-recovery

READ MORE http://bit.ly/2TnG3Ys

from Cryptocurrency News https://ift.tt/2NL28dA
via IFTTT Join Robinhood and we'll both get a stock like Apple, Ford, or Sprint for free. Make sure you use my link. https://ift.tt/2XxnqzJ Email me at justplanegonefilms@gmail.com after signing up with my link, and I will personally help you with choosing which stocks to invest!