Shares of Southeast Asia’s leading e-commerce company, Sea Limited (SE -6.94%), were down 6% as of 3:40 p.m. ET today. It was a rough day overall for the market. The Nasdaq Composite was down 3.5%, reflecting continued weakness for growth stocks on mounting fears of Federal Reserve action and a coming slowdown in economic growth.
Sea’s stock is now down 76% from all-time highs reached in autumn of 2021.
Image source: Getty Images.
So what
There was no news from Sea that caused today’s decline.