Internet giant's quarterly profit dip a temporary blip on the radar, say analystsOnce dubbed the "anchor" of the benchmark Hang Seng Index, Tencent Holdings Ltd is showing signs of running out of steam as disappointing earnings and regulatory woes spook investors.

Any news that signals looming higher inflation due to price spikes in commodities can spook investors and trigger cascading effects across markets and economies, experts said.

The market's uptrend may be affected if the first-quarter economic data miss expectations or if any possible reverses in the declining infection figures spook investors, they said.