Tencent Falls as Analysts Cut Price Forecasts: Hong Kong Mover
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Tencent Holdings Ltd, China’s largest Internet company, fell in Hong Kong trading after at least seven analysts cut share price forecasts on the stock.
The shares fell 4 percent to HK$252.40 at the close of trading in Hong Kong. The stock was the second-worst performer in the benchmark Hang Seng Index, which fell 0.1 percent.