[Zannn]

How much of the bad news is baked into stock price?

Investors sold down China big tech by 65% on average 
.but it is not clear if the selldown discounted poor results due to govt clampdown and China economic slowdown.

Tencent announced results below expectations of analysts then again analysts have a far higher target price than what the market is trading at....this shows an expectation mismatch.

How tencent moves will say a lot about investor expectations of these companies.

I would expect an initial fall as investors have knee jerk reaction. Then we see the true colors

True colour is knee jerk and continue to drop. China side so far talk only no substaintial stimulus.