Shares of Tencent Holdings Ltd. saw their biggest one-day gain in nearly a year on news the Chinese tech giant will release early a hotly anticipated mobile video game.
The U.S. stock market’s bull run has hit a rough patch, as bond yields spiked this month on fears that a robust economy is helping to keep inflationary pressures alive.
The U.S. House of Representatives has voted in favor of a revised bill that could lead to a nationwide ban of TikTok, setting the measure up for a Senate vote before President Joe Biden can sign it into law.