Advertisement
Australia markets closed
  • ALL ORDS

    7,837.40
    -100.10 (-1.26%)
     
  • ASX 200

    7,575.90
    -107.10 (-1.39%)
     
  • AUD/USD

    0.6523
    +0.0000 (+0.00%)
     
  • OIL

    83.63
    +0.06 (+0.07%)
     
  • GOLD

    2,344.90
    +2.40 (+0.10%)
     
  • Bitcoin AUD

    97,570.23
    +414.28 (+0.43%)
     
  • CMC Crypto 200

    1,329.83
    -66.71 (-4.77%)
     
  • AUD/EUR

    0.6108
    +0.0034 (+0.57%)
     
  • AUD/NZD

    1.0991
    +0.0034 (+0.31%)
     
  • NZX 50

    11,805.09
    -141.34 (-1.18%)
     
  • NASDAQ

    17,737.31
    +306.81 (+1.76%)
     
  • FTSE

    8,139.19
    +60.33 (+0.75%)
     
  • Dow Jones

    38,190.87
    +105.07 (+0.28%)
     
  • DAX

    18,165.28
    +248.00 (+1.38%)
     
  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     
  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

Is Tencent Music Entertainment Stock a Buy?

Is Tencent Music Entertainment Stock a Buy?

Tencent Music Entertainment's (NYSE: TME) stock price recently tumbled to a fresh 52-week low after China's State Administration for Market Regulation (SAMR) ordered the streaming music giant to give up its exclusive licensing rights for online music.