© Reuters. FILE PHOTO: A logo of Tencent is seen at its booth at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 4, 2020. REUTERS/Tingshu Wang
(Reuters) – Shares of Tencent Holdings (OTC:) Ltd dropped more than 2% on Tuesday, after China announced new rules for young video gamers.
That compared to a 0.4% slide in the benchmark and a 0.6% gain in Hang Seng Tech Index.
China announced on Monday rules forbidding under-18s from playing video games for more than three hours a week, a stringent social intervention that it said was needed to pull the plug on a growing addiction to what it once described as “spiritual opium”.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Be the first to comment