Tencent is jumping as the Hong Kong listing (0700.hk) jumps 3.12% overnight.
Tencent leads the the Hong Kong stock exchange as one of its largest listings. The immediate implications will be a rise in the emerging markets listings here in the United States. A few listings I would keep an eye on in light of this:
- TCEHY - Tencent's ADR
- NPSNY - Naspers's ADR
- PROSY - Prosus's ADR
additionally, Tencent plays a large role in iShares MSCI Emerging Markets ETF (EEM).