China's Tencent recovers from 4-month low as co repurchases shares

Shares of Tencent 0700.HK climb 2.7% to HK$379, after hitting a four-month low earlier in the day

Stock on course to snap a six-session decline, and is the fifth-biggest pct gainer in Hang Seng Tech Index .HSTECH, which is up 0.5%

Stock recoups losses after slipping 1.1% to HK$365, the lowest since Sept 11

Tencent bought back 4.1 mln shares for HK$1.50 bln ($192.82 mln) on Jan 8 and it repurchased 3.9 mln shares for HK$1.50 bln on Jan 7, according to HKEx filings

Prosus PRX.AS sold 367,000 Tencent shares at an average prce of HK$409.7318 per share on Jan 6, reducing its stake to 23.99% from 24.02%, according to HKEx filings

The U.S. Defense Department said on Monday it has added Tencent and others to a list of companies it says work with China's military, which Tencent on Tuesday called "a mistake" and its business would be unaffected

"There is currently no mandate for Prosus to sell Tencent given the list that Tencent is on," Barclays wrote in a note. "Prosus is not a U.S. company itself, but it has U.S. investors in its stock."

($1 = 7.7792 Hong Kong dollars)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))