{"id":65042,"date":"2018-08-01T00:07:50","date_gmt":"2018-08-01T04:07:50","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=65042"},"modified":"2018-07-31T21:59:45","modified_gmt":"2018-08-01T01:59:45","slug":"tencents-140-billion-rout-is-worlds-biggest-as-tech-sinks","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/08\/2018\/tencents-140-billion-rout-is-worlds-biggest-as-tech-sinks.html","title":{"rendered":"Tencent&#8217;s $140 Billion Rout Is World&#8217;s Biggest as Tech Sinks"},"content":{"rendered":"<p>\n(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\u2019s the biggest wipeout of shareholder wealth worldwide, as measured from the date of each stock\u2019s 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.<\/p>\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-07-31\/think-u-s-tech-is-bad-check-out-tencent-s-140-billion-selloff\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(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\u2019s the [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-65042","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/65042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=65042"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/65042\/revisions"}],"predecessor-version":[{"id":65043,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/65042\/revisions\/65043"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=65042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=65042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=65042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}