China stocks edge up, gaming shares fall further on new rules

SHANGHAI, Dec 25 (Reuters) – China stocks closed slightly higher on Monday in holiday-thinned trade with the Hong Kong market closed for Christmas, although online gaming shares extended the previous session’s losses after China announced new rules to curb spending on video games. ** The blue-chip CSI 300 Index closed up 0.3% and the Shanghai Composite Index edged up 0.1%. ** China’s CSI Anime Comic Game Index slumped 3.4%, adding to a 10% tumble the previous session. ** Weak sentiment towards the gaming sector persisted despite a statement from regulators on Saturday that they would make improvements to their proposed rules after “earnestly studying” public views on them. ** The proposals, aimed at curbing money and time spent on video…

Source: Daily Mail Online
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