After a choppy start, Tencent stock price closed 0.7% higher, tracking gains in global tech stocks. Investors are noting the increasing contribution of overseas gaming revenue, which could reduce dependency on domestic market performance in the medium term. But Chinese regulators have doubled down on a directive for companies building data centers to buy domestic chips instead. China’s stock markets took that “as a signal that China wants to build its own ecosystem,” said Mr. Wong of Stillpoint Investments. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Tencent stock price hovered at HKD 317 as traders awaited the company’s shareholder meeting. Market chatter suggests potential announcements on share buybacks, which historically have acted as a catalyst for short-term price appreciation.