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  • Shares in the parent of Chinese social media giant WeChat tanked in Hong Kong on Friday after Donald Trump signed an executive order banning Americans from doing business with the platform, citing national security concerns. Tencent plunged as much as 10 percent in morning trade before paring losses and ending the session down 6.75 percent at HK$518.00, dragging the broader Hang Seng Index down more than two percent. The sweeping restrictions on the firm, which come into effect in 45 days, also cover ByteDance, the owner of popular app TikTok. dan/jah
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  • Shares in WeChat parent plunge 10% after Trump issues ban order
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