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Why Sea Stock Plummeted Today
Shares of Sea Limited (NYSE: SE), the leading e-commerce powerhouse in Southeast Asia, were down 11% as of 3:30 p.m. ET on Friday, according to data provided by S&P Global Market Intelligence.In total this week, Sea's shares have slid 16% as volatility hit the markets after the United States announced tariffs on many of the countries in the company's region.However, the tariffs don't actually impact Sea's operations, making its recent sell-off from this contagion a potential opportunity for investors.Continue reading
Shares of Sea Limited (NYSE: SE), the leading e-commerce powerhouse in Southeast Asia, were down 11% as of 3:30 p.m. ET on Friday, according to data provided by S&P Global Market Intelligence.
In total this week, Sea's shares have slid 16% as volatility hit the markets after the United States announced tariffs on many of the countries in the company's region.
However, the tariffs don't actually impact Sea's operations, making its recent sell-off from this contagion a potential opportunity for investors.
