Tencent stock slips as buybacks roll on; traders eye China margin curbs and March results
Tencent shares closed down 0.7% at HK$617.50 in Hong Kong on Friday after a volatile week. The company bought back 1.017 million shares for about HK$636 million on Jan. 15. Stricter margin rules take effect in China on Jan. 19. Tencent’s board will meet March 18 to approve annual results and review the final dividend.