Why Tencent Stock Is Plummeting Today

Uncertainty surrounding China's stimulus plans is causing volatility for Tencent. Tencent (TCEHY -9.54%) stock is sinking in Tuesday's trading. The Chinese technology and media giant's share price was down 8.4% as of 2:45 p.m. ET, according to data from S&P Global Market Intelligence. Chinese stocks are losing ground today following indications that additional economic stimulus from the country's government won't be forthcoming in the near future. Tencent and many other China-based companies saw their valua ...