On the afternoon of August 7, Hong Kong shares closed. In terms of technology stocks, Tencent holdings fell 5.76%, Alibaba fell 3.35%, Netease fell 1.93%, and Jingdong group fell 3.23%.US President Trump signed an executive order on 6 July. He said that the overseas version of TikTok and WeChat tiktok were threatening national security in the United States. It will prohibit any American individual or entity from trading with TikTok, WeChat and its parent company after 45 days.
In response, China's Foreign Ministry spokesman Wang Wenbin 7, said that the United States will be self-interest over market principles and international rules, political operations, in exchange for their own moral decline, national image damage and international trust deficit, will eventually eat their own fruit.
In response to trump's signing of the tiktok wechat ban, a Tencent spokesman said on Friday that Tencent was evaluating the administrative order to gain full understanding.