Why Tencent Music Entertainment Shares Are Rising

Tencent Music Entertainment Group - ADR TME shares are trading higher by 5.40% to $8.50 Tuesday. Shares of Chinese companies are trading higher after China announced it will end quarantine requirements for international travelers from January 8.

What's Happening?

China will strike the final blow to its COVID-19 restrictions at the beginning of next year, for both citizens of the country and those traveling to the mainland. The decision is the mainland’s last step in shedding three years of zero-COVID and pivoting to living with the virus.

China will reopen borders and abandon quarantine after it downgrades its treatment of COVID on January 8...Read More

According to data from Benzinga Pro, TME has a 52-week high of $8.71 and a 52-week low of $2.95.