Something Weird's Happening to Asia's Biggest Stock
This article is for subscribers only.
Something unusual is happening to Asia’s biggest stock: it’s falling behind.
Shares of Tencent Holdings Ltd. have fared worse than the Hang Seng Index for seven straight weeks, the longest such streak since 2012. While they rebounded from this year’s low on Tuesday, another week of underperformance would mark the worst-ever period for its shareholders relative to the Hong Kong benchmark.