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Asia Game Stocks Jump After Report China Set to Resume Approvals

Asian game developers jumped on Tuesday following a media report that China’s regulators are set to resume approving new games after a three-month halt. 

The 21st Century Business Herald reported that Beijing may restart online game approvals, without elaborating further. The report led Tencent Holdings Ltd. as much as 3.5% higher, with NetEase Inc. adding 6.8%. The Hang Seng Tech Index, which tracks the biggest technology firms in China, gained 1.9% and was set for the highest close in three weeks.