Here's Why Sea Shares Are Trading Lower Premarket Today

by Anusuya Lahiri, Benzinga Editor
March 28, 2022 7:02 AM | 1 min read |
  • Sea Ltd's SE e-commerce arm, Shopee, looked to shut down its India operations citing global market uncertainties, Reuters reports.
  • Shopee recently announced it's pulling out of France after India banned Sea's popular game "Free Fire."
  • Also Read: Sea's Management Investors Smell More Trouble Post India Ban Triggered Selloff
  • Sea's market value plunged by $16 billion in a single day post the ban in India.
  • The ban followed a long dispute between India and China over a 2020 altercation that left soldiers from both sides dead and drew stricter laws in India for investments from China. 
  • Sea launched Shopee in India in October 2021.
  • Price Action: SE shares traded lower by 8.89% at $105.80 in the premarket on the last check Monday.
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