Shares of $PRX (-0,41%), Tencent's largest shareholder, fell after the Pentagon labeled the Chinese tech giant as military in nature.
In early European trading, $PRX (-0,41%) shares fell 1.75% to 35.0 euros. However, they are up 28% over the past 12 months. Tencent's U.S.-listed shares dropped almost 8% after the Pentagon announcement on Monday.
The Pentagon added a number of well-known Chinese businesses to a list of companies it identifies as military in nature, reflecting its assessment that China fuses commercial and military technology.
