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$95.29 -1.7  -1.8%

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Sector
Technology
Size
Large Cap
Market Cap £51.51bn
Enterprise Value £44.64bn
Revenue £9.66bn
Position in Universe 190th / 7405

BUZZ-Hong Kong-listed shares of gaming firms rebound after sell-off

Fri 10th September, 2021 9:15am
** Chinese gaming and related stocks rebound on Friday
following a plunge in the previous session on Chinese regulatory
squeeze
    ** NetEase's Hong Kong shares  9999.HK  climb as much as
4.3% to HK%139.50, after an 11% drop on Thursday
    ** Bilibili  9626.HK  rises 3.2% after an 8.9% drop in the
previous day
    ** Tencent Holdings  0700.HK  rises 1.7% after an 8.5% drop
a day earlier; company bought back HK$103.3 mln ($13.29 mln)
worth of shares on Sept. 9  urn:newsml:reuters.com:*:nFWN2QA0RM
    ** Chinese gaming and related shares skidded on Thursday,
dragged down by an ongoing regulatory squeeze that has engulfed
industries ranging from online platforms and entertainment to
for-profit tutoring and real estate  urn:newsml:reuters.com:*:nL1N2QB0FK
    ** "Faced with growing regulatory uncertainty in domestic
gaming, we expect Chinese gaming companies to speed up
international market expansion, which is supported by the
government, and could be a long-term margin driver" -
Morningstar Equity Research
    ** France's Ubisoft  UBIP.PA  gains 1.4%; Prosus  PRX.AS ,
which holds nearly 29% of Tencent, climbs 0.4% in Amsterdam
trading
    ** The Hang Seng subindex tracking IT firms  .HSCIIT  jumps
3%; while the Hang Seng Tech index  .HSTECH  rises 2.7%
    ** Hang Seng China Enterprises index  .HSCE  gains 2.1% and
the benchmark index  .HSI  climbs 1.8%

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