• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
FinanceMarkets

Tencent’s Disappointing Results Drag Down Hong Kong Shares

By
Reuters
Reuters
and
Michelle Toh
Down Arrow Button Icon
November 17, 2016, 6:10 AM ET
3rd World Internet Conference - Day 1
JIAXING, CHINA - NOVEMBER 16: A speech about WeChat Ecosystem Innovation by Tencent is delivered during the Release Ceremony for World Leading Internet Scientific and Technological Achievements as part of the 3rd World Internet Conference (WIC) at Wuzhen Internet International Conference and Exhibition Center on November 16, 2016 in Jiaxing, Zhejiang Province of China. The 3rd World Internet Conference (WIC) - Wuzhen Summit kicks off at Wuzhen township on Wednesday and will last to Nov 18, in Zhejiang Province. (Photo by VCG/VCG via Getty Images)VCG VCG via Getty Images

Hong Kong’s benchmark Hang Seng Index edged lower on Thursday, with continued strength in the U.S. dollar hurting sentiment in Asia, but the decline was limited by strength in the services sector.

The benchmark Hang Seng index fell 0.1%, to 22,262.88, while the China Enterprises Index lost 0.4%, to 9,326.54 points.

For more on global markets, watch Fortune’s video:

An index tracking Hong Kong-listed technology firms lost nearly 1% on Thursday, weighed down by Tencent Holdings which dropped over 1% on worse-than-expected third quarter results released after the market close on Wednesday.

The service sector was the top performer, aided by heavyweight Sands China (SCHYF) which jumped nearly 5%.

About the Authors
By Reuters
See full bioRight Arrow Button Icon
By Michelle Toh
See full bioRight Arrow Button Icon

Latest in Finance

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Fortune Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Fortune
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map

© 2025 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Latest in Finance

Future of WorkColleges and Universities
The new American Dream has parents easing up on college expectations for their kids—1 in 3 are now open to trade school instead
By Sydney LakeDecember 19, 2025
40 minutes ago
Personal FinanceCertificates of Deposit (CDs)
This CD still yields 4.18%—here are today’s best CD rates on Dec. 19, 2025
By Glen Luke FlanaganDecember 19, 2025
2 hours ago
Personal FinanceSavings accounts
Today’s best high-yield savings account rates on Dec. 19, 2025: Earn up to 5.00% APY
By Glen Luke FlanaganDecember 19, 2025
2 hours ago
Personal FinanceReal Estate
Current ARM mortgage rates report for Dec. 19, 2025
By Glen Luke FlanaganDecember 19, 2025
2 hours ago
Personal FinanceReal Estate
Current refi mortgage rates report for Dec. 19, 2025
By Glen Luke FlanaganDecember 19, 2025
2 hours ago
Personal Financemortgages
Current mortgage rates report for Dec. 19, 2025: Rates show little movement
By Glen Luke FlanaganDecember 19, 2025
2 hours ago

Most Popular

placeholder alt text
Economy
The $38 trillion national debt is to blame for over $1 trillion in annual interest payments from here on out, CRFB says
By Nick LichtenbergDecember 17, 2025
2 days ago
placeholder alt text
C-Suite
Red Lobster CEO Damola Adamolekun says the key to being a better leader is being a better person: ‘Leadership is self-improvement’
By Sydney LakeDecember 17, 2025
2 days ago
placeholder alt text
Success
As millions of Gen Zers face unemployment, McDonald's CEO dishes out some tough love career advice for navigating the market: ‘You've got to make things happen for yourself’
By Preston ForeDecember 16, 2025
3 days ago
placeholder alt text
AI
'Robots are going to be amongst us': Qualcomm exec says buckle up for the next 5 years. Your car is going to be the first shoe to drop
By Nino PaoliDecember 17, 2025
2 days ago
placeholder alt text
Future of Work
LinkedIn CEO says it's 'outdated' to have a five-year career plan: It's a 'little bit foolish' considering the pace AI is changing the workplace
By Sydney LakeDecember 18, 2025
19 hours ago
placeholder alt text
Economy
‘This is a wacky number’: economists cry foul as new government data assumes zero housing inflation in surprising November drop
By Eva RoytburgDecember 18, 2025
15 hours ago