Markets in mixed mood as Tencent trims Kuaishou stake and oil climbs
Global markets were mixed: Tencent sold about $1.5B of Kuaishou shares, sending the stock down roughly 9.6%; Sapporo and Carlsberg agreed to expand in Southeast Asia and Hong Kong with a $643M 25% stake; oil rose on renewed tensions in the Strait of Hormuz; Hanwha Ocean plunged after losing Canada’s submarine bid; Samsung slipped despite a forecast for record Q2 profit; Asia markets opened mixed with Korea down and Japan set to rise; SpaceX is set to join the Nasdaq-100; Vertex will acquire Crinetics for $10B; stock futures were little changed after hours.
