homemarket NewsTencent shares fall more than 2% after China tightens rules for young video gamers

Tencent shares fall more than 2% after China tightens rules for young video gamers

China announced on Monday rules forbidding under-18s from playing video games for more than three hours a week, a stringent social intervention that it said was needed to pull the plug on a growing addiction to what it once described as "spiritual opium".

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By Reuters Aug 31, 2021 10:48:55 AM IST (Published)

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Tencent shares fall more than 2% after China tightens rules for young video gamers
Shares of Tencent Holdings Ltd dropped more than 2 percent on Tuesday after China announced new rules for young video gamers.

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That compared to a 0.4 percent slide in the benchmark Hang Seng Index and a 0.6 percent gain in Hang Seng Tech Index.
China announced on Monday rules forbidding under-18s from playing video games for more than three hours a week, a stringent social intervention that it said was needed to pull the plug on a growing addiction to what it once described as "spiritual opium".

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