09:05 AM EDT, 08/13/2024 (MT Newswires) -- Technology stocks were advancing pre-bell Tuesday as the Technology Select Sector SPDR Fund ( XLK ) was up 1.3% and the SPDR S&P Semiconductor ETF ( XSD ) was 0.3% higher recently.

Sportradar Group ( SRAD ) shares rose past 14% after it reported a breakeven in Q2 and higher revenue during the period.

HUYA ( HUYA ) shares were up nearly 10% after the company said its board approved a one-year $100 million share buyback plan and declared a special cash dividend of $1.08 per share, payable Oct. 25 to shareholders of record as of Oct. 9.

Tencent Music Entertainment Group ( TME ) shares declined by more than 13% after it reported Q2 revenue of 7.16 billion renminbi ($1 billion), down from 7.29 billion renminbi a year earlier.