Gaming Stocks Pare Losses as Traders Weigh China’s Online Curbs
- Bilibili and NetEase recover from intraday lows in Hong Kong
- Losses seen in Japan in videogame makers Nexon, Koei Tecmo
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Gaming stocks in China and Japan clawed back some of their losses as investors weighed the impact of Beijing’s move to cut back the amount of time children can play online.
Shares of Tencent rebounded to close up 3.3%, reversing an earlier drop of as much as 4%, helping to spur a recovery in the Hang Seng Tech Index. Bilibili Inc. and NetEase Inc. ended in the red but well off their intraday lows in Hong Kong while gaming shares in Tokyo also trimmed declines.