TENCENT Escalates ~5% Post-results, Once Recovers to $400; BABA Loses $80-mark Post-results
$TENCENT(00700.HK$ reported better-than-expected quarterly results, and opened 4.77% higher this morning. The stock peaked at $400.2, a new high since January 2023, and last advanced 4.66% to $399.6. Volume amounted to 15.5563 million shares, involving $6.208 billion.
$BABA-SW(09988.HK$ retreated post-results, and inclined for 4 consecutive days. It opened 4.05% lower today, and bottomed at $78.8. The stock last printed at $78.8, down 4.54%, with 27.8838 million shares traded, involving $2.216 billion.
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