Updated Dec. 22, 2023 3:40 am ET
Chinese gaming stocks traded in Hong Kong dropped after Beijing released draft regulations for the online game industry which included restrictions on the incentives to play or spend more online.
Shares of Netease, one of China’s major online gaming companies, were 22% lower at 126.30 Hong Kong dollars (US$16.17) Friday, on track for their largest one-day loss since July 2021.
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