Gaming Stocks Jump in Asia as China Approves More Foreign Titles
- China’s online gaming regulator approved 27 imported games
- Bilibili jumps more than 9% in Hong Kong; Korean names rise
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Shares of China’s Bilibili Inc. and some Korean gaming companies surged after Beijing approved more imported titles in the latest sign of their easing grip on the video-game sector.
Bilibili jumped more than 9% in Hong Kong, tracking gains in its US-listed shares, after its localized version of “Uma Musume: Pretty Derby” was included. In South Korea, Devsisters Co. jumped nearly 30% in early trading, while peer Nexon Games Co. soared more than 20%. Japan was closed for a holiday.