Tencent shares fall more than 2per cent after China tightens rules for young video gamers

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Shares of Tencent Holdings Ltd dropped more than 2per cent on Tuesday, after China announced new rules for young video gamers. That compared to a 0.4per cent slide in the benchmark Hang Seng Index and a 0.6per cent gain in Hang Seng Tech Index.China announced on Monday rules forbidding under-18s fr

Shares of Tencent Holdings Ltd dropped more than 2per cent on Tuesday, after China announced new rules for young video gamers.

That compared to a 0.4per cent slide in the benchmark Hang Seng Index and a 0.6per cent 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".

 

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