(Bloomberg) If you thought the slump in U.S. technology stocks was bad, take a look at Tencent Holdings Ltd. The Chinese Internet giant has tumbled 25 percent from its January peak, erasing about $140 billion of market value. That’s the biggest wipeout of shareholder wealth worldwide, as measured from the date of each stock’s 52-week high. Facebook Inc., the F in the FANG block of mega-cap U.S. tech stocks, is the second-biggest loser with a $136 billion slump over the past three trading sessions.
Tencent’s $140 Billion Rout Is World’s Biggest as Tech Sinks
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