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Market Dynamics: Tencent, Bitcoin and Gold: Investments



The past week was filled with ups and downs for Chinese tech stocks. But this week tech leader Tencent Holdings Ltd. jumped 5.3% in Hong Kong Tuesday, while food delivery giant Meituan rose 8.4% and Kuaishou Technology gained 3%. However, this rally was short lived: with all three companies experiencing three consecutive days of losses since then.

U.S.-listed Chinese stocks are feeling pressure as well: tech-giant Baidu Inc. and video-streaming firm iQiyi both issued revenue outlooks that were worse-than-expected by some analysts. Tech companies across China continue to experience challenges with government regulations as Chinese authorities aim to limit addiction to online gaming and other new technologies on the youths.

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