The Hang Seng Tech index, which tracks the 30 largest technology companies listed in Hong Kong that pass the screening criteria, also fell 2.51% to close at 7,386.66. In mainland China, the Nasdaq-style start-up board Chinext slipped 2.065% on the day to about 3,059.87.
Trump on Thursday issued executive orders banning any U.S. transactions with Chinese tech firms Tencent and ByteDance. The ban will take effectThe repercussions of Trump's order on Tencent may ring beyond just WeChat, China's most popular messaging app. The Chinese tech juggernaut is also a titan in the video gaming space, with stakes in companies such as Activision Blizzard and Riot Games .
The latest development comes as tensions between Beijing and Washington ratchet up, with both sides imposing retaliatory measures on each other, such as theU.S.
This is retaliation! A move from Hitlers play book. It's like like taking away freedom of speech!! He has tagged all news agencies at one time or another but no power to shut them down. Does best to discredit everyone except those in the moment!
That's Tencent on the NYSE people....these moves hurt American investors
Good thing we played the puts in the options market comrades! (satire)
i remember he used to ridicule obama for playing golf and using executive orders. trump outperformed.
realDonaldTrump is toast now. The Republicans are less worried about the people. They can’t even get a relief bill done. A lot of SenateGOP don’t want to give any money. Americans should get those fat cats out of office quickly
Mr JeffBezos when you want to buy AlibabaGroup just ask realDonaldTrump to make t cheaper.
Tencent owns a lot of American firms, are they included in that ban?
Do you have any idea who might have shorted Tencent a few days ago & why do you suspect Trump & friends ? I see... they did it earlier & the Exec. Order was delayed ?
Trump literally targeted games of regular, every day Americans. He fucked himself even further 🤷🏽♂️
bro if he keeps at this and stops the 'Biden is Antifa' bullshit November is wide open
✌️
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