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Tencent’s stock woes deepen as mainland investors turn sellers

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Bloomberg Tencent Holdings Ltd, which has lost more than a fifth of its market value in the past few months, now appears to be losing its biggest supporter: Chinese investors. Mainland traders have sold a net HK$11.2 billion ($1.4 billion) worth of Tencent shares so far in June, exchange data compiled by Bloomberg show. This would mark the first month ...

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Stocks mixed on Delta strain jitters; dollar advances

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Bloomberg Stocks were mixed and US futures fluctuated on Tuesday as concerns over a highly infectious Covid-19 strain spurred caution among investors. The dollar strengthened. The Stoxx Europe 600 Index traded modestly higher, though new limits on travel from Britain prompted by the Delta variant of the virus dragged on cruise operators and airlines. An MSCI index of Asia-Pacific shares ...

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Gold heads for worst month since 2016

Bloomberg Gold headed for the biggest monthly drop in more than four years after the Federal Reserve sped up their expected pace of policy tightening, sending prices tumbling below $1,800 an ounce. The rise in US stocks to a fresh record and a resurgent dollar have also weighed on the precious metal. Investors are also assessing new travel restrictions in ...

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