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Tencent shares' US$35b loss shows depth of China gloom

Its large weighting on Hang Seng Index has made the gauge one of the worst performers last quarter

Hong Kong

FOR a clue on how bearish foreign investors have become about Chinese stocks, take a look at Tencent Holdings Ltd.

The Shenzhen-based technology giant has tumbled 13 per cent from its September record, wiping US$35 billion off the value of its shares, as overseas funds...

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