Tencent stock falls to HK$610 — what investors watch next after China growth data
Tencent Holdings closed down 1.2% at HK$610, with HK$8.1 billion in shares traded, as Hong Kong tech stocks slid after weaker China economic data. Alibaba fell 3.5% to HK$160.40. China’s Q4 GDP growth slowed to 4.5%, while December retail sales rose just 0.9%. U.S. tech sentiment also weakened after President Trump threatened more tariffs on Europe.