Heard on the Street: The Tencent selloff shows investors’ trauma over China’s tutoring-stock crackdown
that could be long in healing.
Putting the fear of God into investors may help Beijing direct capital more easily into areas it prefers, but also risks magnifying volatility and complicating corporate-investment plans, as every regulatory blip is seen as a possible death sentence.of game stocks Tuesday after a Chinese state newspaper called online games “opium for the mind.” Chinese game giant Tencent dropped as much as 11% Tuesday, while rival NetEase lost 16% at one point.
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Tencent tanks 10% after Chinese media calls online gaming 'opium'Shares of Tencent and NetEase plunged on Tuesday after Chinese state media branded online gaming 'opium' and likened it to a drug.
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Tencent Plummets as China Takes Aim at Online VideogamesTencent shares plummeted after Chinese state media criticized online gaming as “opium for the mind,” fueling concerns that the company and its rivals could be swept up into a broader regulatory crackdown
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Asian markets rebound despite wariness of Chinese tech stocksAsian stocks were mostly higher Wednesday as traders mirrored overnight gains on Wall Street during another busy earnings week.
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People Are Sharing The Nicest Things Customers Have Done For Them And I'm Not Crying, You AreGrab your tissues 🥺
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Asian stocks slip as Delta spread spooks investorsAsian stocks slipped on Tuesday, as the Delta coronavirus variant spread in key markets in the region and put Chinese authorities on high alert, rattling investor confidence.
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European markets set for cautious open as investors react to major earningsEuropean stocks are set for a muted open on Tuesday as global markets seek direction amid earnings, Covid surge, Chinese tech regulation and U.S. growth worries.
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