I reckon this is just to shake off weak hands to sell their leftover shares. I'm not surprised if there's further selling pressure on tencent. I'll be happy to add more positions to it.
Tencent sued by the Haidian District Procuratorate<blockquote>海淀区检察院起诉的腾讯控股</blockquote>
2 great years of gain for those vested in SPY ETF 😊👍. Most of the companies failed to beat the index this year less a few successful ones. The lazy way is still to invest in SPY with an average of 10% growth each year
Price moves in wave pattern. It's too early to tell if we finally hit the bottom. However, it would be positive news if we can see higher high and higher low forming.
Alibaba shares fell nearly 5% in Hong Kong market<blockquote>阿里巴巴-SW股价在香港市场下跌近5%</blockquote>
In the past, I would freak out and sell my positions and hold cash. Now I understand such headline sell and would take it as a pinch of salt. Logic doesn't work in stock markets as high can get higher