Here's Why Sea Shares Are Trading Lower Premarket Today

March 28, 2022 7:02 AM | 1 min read | Make a Comment

Sea Ltd's SE e-commerce arm, Shopee, looked to shut down its India operations citing global market uncertainties, Reuters reports.
Shopee recently announced it's pulling out of France after India banned Sea's popular game "Free Fire."
Also Read: Sea's Management Investors Smell More Trouble Post India Ban Triggered Selloff
Sea's market value plunged by $16 billion in a single day post the ban in India.
The ban followed a long dispute between India and China over a 2020 altercation that left soldiers from both sides dead and drew stricter laws in India for investments from China.
Sea launched Shopee in India in October 2021.
Price Action: SE shares traded lower by 8.89% at $105.80 in the premarket on the last check Monday.