Stocks Blog: Tencent, Alibaba report strong earnings, while Trump turns up heat on Huawei

//Stocks Blog: Tencent, Alibaba report strong earnings, while Trump turns up heat on Huawei

Stocks Blog: Tencent, Alibaba report strong earnings, while Trump turns up heat on Huawei

Good day traders -- Lots of overnight news for our markets to digest.  Strong earnings from Tencent (700 HK) and Alibaba (BABA US) last night, though a mix in reaction in US markets afterwards. Alibaba closed up 1.6 per cent, while Tencent ADRs (traded under TCEHY) ended down 1.2 per cent. Meanwhile, US President Donald Trump took aim at the battle over the future of 5G, issuing an executive order that means Huawei can't do business with American companies without special permission.  So,…

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By | 2019-05-16T01:12:04+00:00 May 16th, 2019|Business|Comments Off on Stocks Blog: Tencent, Alibaba report strong earnings, while Trump turns up heat on Huawei