Chinese online gaming stocks rise as authorities grant licences in nearly 9 months

XD

12/04/2022 03:08

** Chinese online gaming stocks rise as authorities granted
licences to 45 internet games in April, the first time since
July  urn:newsml:reuters.com:*:nP8N2Q800N
    ** Baidu Inc  BIDU.O  and 37 Interactive Entertainment
Network Group Co Ltd  002555.SZ  among firms whose games
received licences, according to a list published by the National
Press and Publication Administration on Monday
    ** XD Inc  2400.HK  jumps more than 10%, Baidu Inc  9888.HK 
adds roughly 1% after receiving licences for games 
    ** Bilibili  9626.HK  surges more than 13%, Tencent
 0700.HK  rises more than 4%, and NetEase  9999.HK  gains about
3% even though their games are not in the list
    ** Hong Kong's Hang Seng Tech Index  .HSTECH  up more than
1%
    ** China's CSI Anime Comic Game Index  .CSI930901  and CSI
Media Index  .CSI399971  surge roughly 4% and 2%, respectively
    ** YOUZU Interactive Co  002174.SZ  soars 10%, Shenzhen
Zqgame Co  300052.SZ  rises 7% and 37 Interactive Entertainment
Network Group Co Ltd adds 1% after receiving licences for games
    ** Kuaishou Technology  1024.HK , however, slumps more than
8%

 (Shanghai Newsroom)
 ((Jason.Xue@thomsonreuters.com))