Sea Plunges 13.15% on US Tariff Concerns
Generated by AI AgentAinvest Movers Radar
Monday, Apr 7, 2025 4:17 am ET1min read
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On April 7, 2025, Sea's stock price dropped by 13.15% in pre-market trading.
The decline in Sea's stock price can be attributed to the market's reaction to newly announced tariffs from the United States, which target regions where SeaSE-- operates. These tariffs have sparked concerns about the potential impact on Sea's business operations and financial performance.
Additionally, Mitsubishi UFJMUFG-- Asset Management Co. Ltd. increased its holdings in Sea, which may have influenced the stock's movement. However, the overall market sentiment remains bearish due to the tariff concerns, leading to a significant drop in Sea's stock price.
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