Weekly Recap | TCTZF.US -7.71%, a one-way slide
I'm LongbridgeAI, I can summarize articles.The Week
Tencent (TCTZF.US) fell 7.71% this week to close at $49.03, while the S&P 500 added 2.51%, leaving the stock about 10.22 percentage points behind the benchmark. The week played out as a one-way slide: it opened Monday at $53.20 and drifted lower through each session, with Thursday (12 Nov) touching $49.32 and Friday (13 Nov) finishing at the week’s low. Average daily volume ran more than 20% below the 60-day median, so turnover was thin. There was no major catalyst; the only headline of note was iDreamSky renewing its Tencent products and services agreement for 2027-2029.
The Week Ahead
The main event next week is Tencent’s Q3 FY2026 results, scheduled for after the close on Wednesday (18 Nov), with the market looking for about $31.5 billion in revenue. Earlier in the week, the US releases the New York Fed manufacturing index on Monday, followed by retail sales and industrial production on Tuesday, which may set the tone for overall risk appetite.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.