Hong Kong equities opened in the red, with the Hang Seng Index down 0.6% and the Hang Seng Tech Index down 0.8% at the bell. Several gold-related stocks were among the early gainers, while Tencent Music Entertainment Group (01698.HK) tumbled 11.41% at the open. The company reported total second-quarter revenue of RMB 8.93 billion, up 5.8% from a year earlier. Tencent Music also raised its share repurchase program to US$400 million, according to a ChainCatcher newsflash.
Tencent Music Entertainment Group (01698.HK) fell 11.41% at the open in Hong Kong, while benchmark indexes also started the session lower. The Hang Seng Index lost 0.6% at the opening bell, and the Hang Seng Tech Index gave back 0.8%. A number of gold-related stocks, meanwhile, opened higher.
According to a ChainCatcher newsflash, Tencent Music posted second-quarter total revenue of RMB 8.93 billion, up 5.8% from a year earlier. The company also expanded its share buyback plan to US$400 million.
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