Tencent and CATL shares tumble as US blacklists Chinese firms over military links
In a dramatic escalation of US-China tensions, Tencent Holdings Ltd. and Contemporary Amperex Technology Co. Ltd. (CATL) have been added to a US blacklist for alleged ties to China’s military. The surprise move rattled markets, sending Tencent’s stock plummeting 7% and CATL’s shares down 3%. Both companies deny the claims,…
bubmagJanuary 7, 2025