Maldives foreign arrivals up 17 percent, despite political crisis
In a shocking turn of events, international arrivals to the Maldives were up by 17 percent according to government statistics for the period between January and March, despite the ongoing constitutional crisis. Governments around the world, including China and the United States, warned citizens to avoid travel to the archipelago. However, across the board, arrivals were up. Chinese arrivals were the one exception, which were down .5 percent.
Tencent on the path to “bear market territory”
Tencent, Asia’s most valuable tech company, is has been sliding on the Hong Kong exchange and is at risk of enduring even more dramatic losses going forward. Tencent shares have fallen 19 percent since January. A stock is usually labelled as officially “bearish” after a drop of 20 percent. Further losses could lead to more sell offs, further depressing Tencent’s share price.