Tencent Music Entertainment Group (TME) surged 12.53 percent to $25.55 on Tuesday, gaining $2.85, after reporting robust growth in its online music services.
Revenue from this segment rose 26.4 percent to RMB 6.85 billion, up from RMB 5.42 billion in the same period of 2024. Profit for the period increased to RMB 2.47 billion from RMB 1.79 billion a year earlier. The stock opened at $24.59 and traded between $24.22 and $25.98, with 10.25 million shares exchanged versus an average of 6.65 million. Tencent Music's 52-week range is $9.41 to $25.98.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.