Dow Jones & Company: NetEase, Tencent shares rebound after China voices support for gaming industry
From Dow Jones & Company:
China online gaming stocks rebounded on Wednesday as Hong Kong markets reopened after a more conciliatory tone on the sector by the top gaming regulator. NetEase Inc. NTES and Tencent Holdings Ltd. HK:700 saw their shares climb 10% and 4.8%, respectively. NetEase stock lost 24% of its value on Friday
The rebound in China online gaming stocks was seen in the shares of NetEase Inc. NTES and Tencent Holdings Ltd. HK:700, which climbed 10% and 4.8%, respectively. This follows a more conciliatory tone on the sector by the top gaming regulator. NetEase stock had lost 24% of its value on Friday.
It’s important for day traders to note the significant rebound in China online gaming stocks, particularly in the shares of NetEase Inc. NTES and Tencent Holdings Ltd. HK:700, following a more conciliatory tone on the sector by the top gaming regulator. These stocks saw increases of 10% and 4.8%, respectively.
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