Alibaba and Tencent in sell-off as Trump weighs China ban in last days of his presidency          

The US State Department, Department of Defense and US Treasury Department are among authorities involved in the deliberations

President Donald Trump  signed an order banning US transactions with eight Chinese apps including Ant Group’s Alipay and Tencent’s digital wallets.

Alibaba Group Holding and Tencent Holdings led a technology stocks selloff as the administration of President Donald Trump considers barring investments in China’s two most valuable companies.

Shares in Alibaba fell almost 4% and Tencent dropped 4.7% in Hong Kong trading in the latest session, tracking losses in their New York-listed securities.