Shares of Southeast Asia's leading e-commerce company, Sea Limited (NYSE: SE), 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.
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Source Fool.com