Tencent tumbles 10% following Trump's executive order targeting TikTok and WeChat

Reuters Tencent stock tanked as much as 10% on Friday following President Trump's executive order targeting its WeChat app. The order arrived in tandem with a similar order against ByteDance's TikTok app. Both Chinese companies face a ban from US transactions set to take effect in 45 days. The orders escalate tensions between the world's two largest economies as US investors continue to grapple with economic recession and waning hopes for fresh stimulus. Other Chinese tech giants slumped on news...