Tencent Music's stock experienced a 7.2% decline this week despite reporting better-than-expected Q2 sales and earnings. Investors were more concerned with increasing operating expenses and a decline in its social entertainment services unit. While music-related services grew, the overall market sentiment for Chinese tech stocks also contributed to the pullback.
The Motley Fool
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We wrap up our coverage of the markets and the week.
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Last week, the BSE benchmark Sensex declined 276.32 points, or 0.35 per cent, and the NSE Nifty dipped 76.35 points, or 0.31 per cent
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