1452 GMT - Tencent's inclusion on a list of companies with ties to the Chinese military by the U.S. Department of Defense has no direct legal implications for U.S. investors, Barclays analysts write in a note. "There has been some confusion in the market with respect to which list Tencent was added to, what it means for the stock, or what Tencent holders would be required to do by law, if anything," they say. There are two lists mentioning Chinese military in their names, the DoD's 1260H list and the U.S. Treasury Department's NS-CMIC list. Only the latter requires U.S. investors to divest in 12 months, the analysts add. Shares closed 2.7% lower at HK$369.20.( najat.kantouar@wsj.com)
(END) Dow Jones Newswires
January 08, 2025 09:53 ET (14:53 GMT)
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