Alibaba, Tencent shares tumble on US ban fears


Shares in Chinas two biggest companies Alibaba and Tencent tumbled in Hong Kong on Thursday in response to the media reports that the Trump administration plans to press ahead with a ban on Americans investing in them. Ecommerce titan Alibaba sank more than four per cent and internet powerhouse Tencent shed 3.3 in morning trade

Source: Punch Newspaper