Chinese gaming stocks jump after Beijing approves new games

Since April 2022, Chinese regulators have begun approving video games again after a months-long freeze in signs Beijing’s crackdown on gaming is easing. Feature China | Future Publishing | Getty Images Shares of Chinese gaming companies rose Wednesday after regulators approved a slew of new games, a sign that some of the headwinds for the … Read more

Activision Blizzard, Bilibili, Moody’s and more

Take a look at some of the biggest movers in the premarket: Activision Blizzard (ATVI) – Activision shares jumped 2.7% in premarket trading after Warren Buffett told the Berkshire annual meeting that the company had increased its stake in the videogame maker. Bilibili (BILI) – The China-based online gaming company’s stock slid 4.2% in the … Read more

Chinese regulator approves new games after freeze; gaming stocks rise

China’s gaming industry became caught up in broader regulatory tightening across the technology sector. Regulators became increasingly concerned about gaming addiction amongst children. The approval of the first batch of games since July 2021 could indicate China’s gaming sector headwinds will start to subside. Greg Baker | AFP | Getty Images Chinese regulators have approved … Read more

These Chinese stocks are down sharply on Thursday. Here’s what could be behind the decline

Traders on the NYSE Feb. 28, 2022. Source: NYSE Select Chinese stocks have declined sharply on Thursday. China watchers believe this is likely because the Securities and Exchange Commission has identified five US-listed American depositary receipts of Chinese companies (Yum China, BeiGene, Zai Lab, ACM Research and HUTCHMED) for failing to adhere to the Holding … Read more

Reaction to Fed, Russia, Ukraine

SINGAPORE – Asia-Pacific markets were mixed on Friday, following a volatile session on Wall Street overnight where investors reacted to comments from the Federal Reserve and US GDP data. The Nikkei 225 in Japan gained around 2.09% to close at 26,717.34 after falling nearly 3% on Thursday, while the Topix was up 1.8% at 1,876.89. … Read more