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TCEHY Stock Dips Amid Concerns Over China's Stimulus Plans
TCEHYTENCENT(TCEHY) Gurufocus·2024-10-08 19:25

Tencent (TCEHY, Financial) is experiencing a notable decline today, with its share price down by 8.9% to $56.80 amidst investor concerns over the extent of economic stimulus measures from the Chinese government.Tencent's stock, along with other Chinese companies, has been impacted by skepticism regarding the effectiveness of China's proposed economic stimulus plans. Despite reassurances from Chinese officials about achieving economic growth targets, the market remains unconvinced, leading to significant sel ...