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The Falling Tech Firm, Oh No, Investment Firm Tencent?

作者: wangxiu@wallstreetcn.com

One day before the releas of its 2Q18 results, Tencent’s shares dropped more than 4% to HK$346 on Tuesday, nearing a new YTD low, as investors downgraded their expectations. In this earnings season, Tencent isn’t alone in being dumped amid investor fears of results missing performance targets, as the previous market darling, the rallying king Sunny Optical Technology Group (2382:HK) slumped by 24% on Monday after failing to meet market expectations, quite the same as the 20%+ falling of Facebook.  

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