Alibaba, Tencent shares tumble on US ban fears

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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