News Formal

European, US gaming stocks hit as China's Tencent slides

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 66%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

Shares in Europe-listed gaming companies fell on Tuesday and U.S. names were tipped to open lower after a steep selloff in China's social media ...

Shares in Europe-listed gaming companies fell on Tuesday and U.S. names were tipped to open lower after a steep selloff in China's social media and video games group Tencent on fears the sector would be next in regulators' crosshairs.

Tencent's shares tumbled more than 10per cent at one point in Hong Kong, wiping off almost US$60 billion from its market capitalisation, after a Chinese state media outlet branded online video games"spiritual opium".The article by an outlet affiliated with China's biggest state-run news agency Xinhua cited Tencent's"Honor of Kings", saying minors were addicted to online games. It called for more curbs on the industry.

"It's that reminder of regulatory risks in a market that's at all-time highs where some people are looking to lock in profits. Hence we are seeing a small amount of contagion," said Grace Peters, EMEA Head of Investment Strategy at J.P. Morgan Private Bank.

 

コメントありがとうございます。コメントは審査後に公開されます。
このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 6. in JP

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Asian shares weighed down by China worries as US earnings shineAsian shares face another tough week as Beijing's regulatory crackdown fans fears about China's economy, though upbeat economic data in the United ... Invest in Bitcoin, Litecoin, US stocks or SEA stocks but stay far away from toxic china stocks.
ソース: ChannelNewsAsia - 🏆 6. / 66 続きを読む »