Tencent Music Entertainment Group - ADR TME shares are trading lower by 5.19% to $8.03 during Wednesday's session. Shares of several Chinese companies are trading lower amid concerns over increased COVID infections following the loosening of some restrictions.
What's Happening In China?
Our Benzinga team reported China will reopen borders and abandon quarantine after it downgrades its treatment of COVID on January 8.
The decision is the mainland’s last step in shedding three years of zero-COVID and pivoting to living with the virus.
The relaxation of limitations has led to an increase in uncontrollable COVID cases in China, which has resulted in a lack of both staff across industries and medications...Read More
According to data from Benzinga Pro, Tencent Music Entertainment has a 52-week high of $8.71 and a 52-week low of $2.95.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
