(Bloomberg) — Hong Kong and mainland stocks fell after the Trump administration said it would ban U.S. residents from doing any business with China’s Tencent Holdings Ltd.Tencent, one of the most valuable stocks in the world and Asia’s biggest primary listing, tumbled as much as 10%, the most since 2011. That sent the Hang Seng Index to a loss of 2.4%. China’s tech-heavy ChiNext Index dropped 2.6% in Shenzhen to erase its gain for the week. The yuan weakened as much as 0.3%, the most in two weeks.The U.S. has in recent days extended its efforts to curb the influence …read more
Source:: Yahoo Finance
