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
August 31, 2021
(Reuters) – Shares of Tencent Holdings 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 Hang Seng Index 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”.
(Reporting by Donny Kwok; Editing by Himani Sarkar)
Source: One America News Network
