Tencent leads China selloff amid new gaming restrictions
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#tencent #china #gaming #yahoofinance Shares of tech conglomerate Tencent (0700.HK) were down more than 12% Friday morning amid an $80 billion market selloff in Chinese gaming stocks, sparked by new, unexpected restrictions from Beijing. The restrictions come from Chinese government regulators who are attempting to combat addictive gaming lifestyles among users. Yahoo Finance Reporter Jared Blikre breaks down the latest developments with Tencent and the broader Chinese markets. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. About Yahoo Finance: Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more […]