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Tencent Plunges, Logs Record Losing Streak But Don’t Tell Wall Street…
If there's any stock on the planet that could have done without a global selloff catalyzed by a bloodbath on the Nasdaq, it's Tencent.
Coming into 2018, Tencent was an investor darling. 11 months ago, the company blew past Facebook in market value, making it the first Chinese tech name to join the ranks of the world’s five largest companies.
Fast forward a year, and it’s the poster child for tech vulnerability, having fallen nearly twice as much as the Hang Seng since the January 23 peak
