Tencent Holdings is trading 4.03% down at $443.00 after second-quarter net profit rose only 0.7% to 56 billion yuan, missing analysts’ 61.8 billion-yuan estimate. - Revenue increased 11%, while heavier AI infrastructure spending raised concerns about profitability and cash generation. - China Literature’s 84.1% first-half profit plunge added negative sentiment around Tencent’s broader portfolio. - Following Tencent’s August 12 results announcement, the move is company-specific, not merely market-wide; confidence is medium (Reuters direct earnings coverage; portfolio concerns reported separately).