HONG KONG: Is it time to catch the global stock market’s biggest falling knife?
For watchers of Tencent Holdings Ltd, it’s an increasingly pressing question. The Chinese internet giant’s record-breaking sell-off is getting worse, with Thursday’s 6.8% rout bringing losses since late January to US$252bil -- by far the biggest wipeout of shareholder wealth worldwide. The stock, one of the most widely held in emerging markets, has tumbled for an unprecedented 10 straight sessions.
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