Tech investor Prosus at the bottom in slightly lower AEX

Tech investor Prosus at the bottom in slightly lower AEX

Tech investor Prosus was at the bottom of a slightly lower AEX index on Tuesday. The Chinese government seems to have launched an attack on the game sector in the country. This may have consequences for Tencent, a major player in the online gaming market in China in which Prosus has a major stake. DSM was also lowered after the publication of the half-year figures.

Prosus fell 5 percent after a sharp loss of Tencent in Hong Kong. China’s state newspaper Economic Information Daily reported that many teens are addicted to video games and called mobile games “spiritual opium”. The newspaper referred, among other things, to the Honor of Kings game by tech company Tencent. The company’s stock fell sharply but bounced back after the newspaper removed the link to the article from social media.

The AEX index on Beursplein 5 recorded a loss of 0.2 percent in morning trade at 756.87 points. The MidKap gained 0.3 percent to 1061.12 points. The stock exchanges in London and Paris rose to 0.7 percent. The German DAX fell 0.1 percent.

DSM lost 0.6 percent. The specialty chemicals company raised its expectations for the full year after a strong first half. However, the group remains cautious due to global supply chain problems and rising raw material prices.

ASML fell 1.7 percent after a disappointing quarterly report from the German chipmaker Infineon (minus 3 percent). Infineon said it had encountered production obstacles at its Texas and Malaysian plants. In Malaysia, production is currently being hindered by corona measures and in Texas the company was still struggling with the aftermath of a winter storm.

BP won 2.5 percent in London. The British oil producer made a substantial profit in the second quarter thanks to higher oil prices and increased its dividend. In Paris, Société Générale climbed 5 percent. The French bank raised its expectations after a strong second quarter. British industry peer Standard Chartered (plus 2 percent) also performed better than expected in the past six months.

BMW lost more than 3 percent in Frankfurt. The German automaker saw sales rise sharply in the first half of the year, but warned of a difficult supply of chips. In Paris competitor Stellantis won 5 percent. The Franco-Italian owner of car brands such as Fiat, Chrysler, Peugeot and Citroën showed a strong recovery from the corona crisis.

The euro was worth $1.1879, against $1.1875 a day earlier. Oil prices fell slightly after Monday’s sharp drop. The price of a barrel of US oil fell 0.3 percent to $71.07. Brent oil cost 0.4 percent less at $ 72.63 a barrel.

Tech investor Prosus at the bottom in slightly lower AEX
Source link Tech investor Prosus at the bottom in slightly lower AEX

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