Tech Lower as Risk Aversion Hits Pricey Sectors -- Tech Roundup

Features Dow Jones Newswires

Shares of tech companies fell as traders retreated from the sectors with the highest valuations and most exposure to changes in the economic outlook.

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Chinese internet company Tencent Holdings saw shares rise after it reported brisk quarterly profit growth, supported by mobile-gaming and video-advertising sales.

Square shares rose after the payment-technology company entered the red-hot bitcoin world. A Square spokesman said the company is allowing a "small number" of users of Square Cash, its mobile money-transfer service, to buy bitcoin directly from its smartphone app.

Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

November 15, 2017 16:53 ET (21:53 GMT)