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Tencent shares snapped by Chinese traders after two-month selloff

Bloomberg
Bloomberg9/1/2021 5:1 PM GMT+08  • 2 min read
Tencent shares snapped by Chinese traders after two-month selloff
Traders from China bought a net HK$5.8 billion ($1 billion) into the Hong Kong-listed counter.
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Chinese investors piled back into beleaguered Tencent Holdings Ltd. in August, braving a relentless tech crackdown from Beijing that almost halved its stock price.


See: Tencent bounces back after state media soften tone on gaming

Traders from China bought a net HK$5.8 billion ($1.00 billion) of the Hong Kong stock via trading links, snapping two months of outflows, according to Bloomberg calculations based on exchange data. The purchases helped the mobile gaming giant climb 0.5% in August, the first gain since April.

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