Naspers extends losses as Tencent hit againComment on this story
Johannesburg - Shares of South African media and e-commerce firm Naspers extend sharp losses from the previous session, trailing a fall in Chinese Internet firm Tencent Holdings, as Hong Kong stocks continue to tumble amid an emerging market sell-off.
Tencent, which is over 30 percent owned by Naspers, fell over 2 percent on Monday after shedding 4 percent on Friday.
Shares of Naspers, which lost over 5 percent on Friday, are down 4.5 percent to 1,040.70 rand. - Reuters