Naspers slides after Tencent hit

Johannesburg - Shares of South African media and e-commerce firm Naspers drop nearly 5 percent, tracking a slide in Chinese Internet firm Tencent Holdings, which was hit in a sell-off of Hong Kong-listed firms.

Tencent, which is over 30 percent owned by Naspers, fell 4 percent on Friday, as investors sent Hong Kong stocks to their lowest close since November on lingering worries about Chinese growth.

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

Shares of Naspers are down 4.8 percent at 1,094.99 rand. - Reuters