Tech stocks sink in Hong Kong on heightened regulatory concerns as Tencent, NetEase reel from China’s decision to freeze approval for new online games. Photo: Handout
Tech stocks sink in Hong Kong on heightened regulatory concerns as Tencent, NetEase reel from China’s decision to freeze approval for new online games. Photo: Handout

Tech stocks sink in Hong Kong on renewed concerns about regulations as China slows the approval for online games

  • Hang Seng Index tumbled 2.3 per cent, the biggest drag in more than six weeks as tech giants paced losses
  • Tech benchmark sank 4.5 per cent after Beijing summoned Tencent, NetEase and others, and said to slow the approval for new online titles

Tech stocks sink in Hong Kong on heightened regulatory concerns as Tencent, NetEase reel from China’s decision to freeze approval for new online games. Photo: Handout
Tech stocks sink in Hong Kong on heightened regulatory concerns as Tencent, NetEase reel from China’s decision to freeze approval for new online games. Photo: Handout
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