Japan Game Stocks’ Plunge Show Their Exposure to Chinese Regulations
- Nation’s game stocks declined in wake of Tencent’s tumble
- China is a key market for some Japanese video game makers
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Japanese video game shares plunged in Tokyo Tuesday, as the country’s stock market was given a jolting reminder of how exposed some sectors are to the vagaries of Chinese regulation.
Game stocks including Koei Tecmo Holdings Co. and Nexon Co. plunged after comments in Chinese state-linked media sent Tencent Holdings Ltd. shares diving, amid fears the videogame sector would be the next to be targeted by Beijing.