SHANGHAI, Sept 9 (Reuters) – Chinese gaming and related shares skidded on Thursday, dragged down by an ongoing regulatory squeeze that has engulfed industries ranging from online platforms and entertainment to for-profit tutoring and real estate.
In the latest blow to China’s online gaming sector, the South China Morning Post reported on Thursday afternoon that Beijing had temporarily suspended approvals of new games, further hitting shares in Tencent Holdings (0700.HK) and NetEase (9999.HK). read more
The publication later corrected its story to say China had temporarily slowed down, rather than suspended, approval for new online games.
Shares in the two companies closed more than 8% and 11% lower respectively.
U.S. gaming stocks also were lower, with Activision Blizzard…