BUZZ-Prosus tracks Tencent's shares move on 'breeze' of positive news in China

Reuters
Nov 10
BUZZ-Prosus tracks Tencent's shares move on 'breeze' of positive news in China

** Shares in tech investment group Prosus PRX.AS rise close to 5%, to the of AEX .AEX, as they track the gains in Tencent Holding 0700.HK shares

** Prosus owns about 23% of the Chinese gaming and social media group, which makes up roughly 80% of its net asset value

** SBG Securities analyst Nadim Mohamed pins the move on a breeze of positive news in China trading and economy

** "China looks positive as we have more signs of a simmering of trade tensions, (with) removal of export curbs, (and) better inflation data," the analyst says

** Producer price deflation eased in October in China, while consumer prices returned to positive territory

** Tencent rises about 2.4%

(Reporting by Mateusz Rabiega)

((Mateusz.rabiega@thomsonreuters.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10