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Naspers extends losses as Tencent hit again

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.

Tencent headquarters at Nanshan Hi-Tech Industrial Park in the southern Chinese city of Shenzhen. Credit: REUTERS

Shares of Naspers, which lost over 5 percent on Friday, are down 4.5 percent to 1,040.70 rand. - Reuters

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