Tencent, NetEase jump as China regulator takes down draft gaming rules

NetEase

23/01/2024 03:17

** Shares of Chinese gaming firm Tencent  0700.HK  jump as
much as 6.1% to HK$278.20, on course for biggest one-day pct
gain since July 25
    ** China's gaming regulator has taken down draft rules to
control spending in video games from its website, checks by
Reuters showed 
    ** Link to the draft rules was inaccessible as of Tuesday
morning, after having worked on Monday 
    ** Removal was described as unusual by analysts, with some
saying a revision could be in store
    ** NetEase's Hong Kong shares  9999.HK  surge as much as 7%
to HK$147.50, their highest since Jan. 5; set for biggest
one-day pct rise since Dec. 27
    ** China's CSI Anime Comic Game Index  .CSI930901  climbs
2.4%, while blue-chip CSI 300 Index  .CSI300  adds 0.1%
    ** In Hong Kong, Hang Seng Tech Index  .HSTECH  jumps 3.5%
and Hang Seng Index  .HSI  rises 2.2%
    ** NetEase's Hong Kong shares up 2.9% YTD, while Tencent
down 7.6% 

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))