Hong Kong gaming stocks plummet! CLOUD MUSIC falls more than 10%, Tencent falls more than 5%.
The National Press and Publication Administration has released a draft stating that online games are not allowed to set inducement rewards such as daily login, first-time recharge, and consecutive recharge.
On the morning of December 22nd, the National Press and Publication Administration released the "Draft Regulations on the Management of Online Games" (hereinafter referred to as the "Draft"), which mentioned that online games should not have inducement rewards such as daily login, first-time recharge, and consecutive recharge.
After the news was released, CLOUD MUSIC fell more than 3% in the short term, and TENCENT fell nearly 2%.
As of the time of writing, Hong Kong mobile game stocks continued to decline, with CLOUD MUSIC falling more than 10% at one point, TENCENT falling nearly 6%, and BILIBILI-W falling nearly 4%.
Today, Hong Kong stocks opened higher, with the Hang Seng Index up 0.73% and the Hang Seng Tech Index up 0.95% at the opening. As of the time of writing, Hong Kong stocks plummeted during the trading session, turning from gains to losses, with the Hang Seng Tech Index falling more than 1%. Previously, the three major indexes had all expanded their gains to 1%.
