China stocks slip, gaming shares extend slump after new rules announced

SHANGHAI, Dec 25 (Reuters) – China stocks slipped on Monday, with online gaming shares extending their decline of the previous session as China’s new rules to curb spending on video games dented sentiment despite regulators’ latest efforts to soothe investor concerns. The Hong Kong market is closed for the Christmas holiday. ** The blue-chip CSI 300 Index slipped 0.1% and the Shanghai Composite Index was down 0.3% by the midday recess. ** China’s CSI Anime Comic Game Index slumped 4.9%, extending a 10% tumble in the previous session. ** The weak sentiment towards the sector persisted despite a statement from regulators on Saturday that they would make improvements to the proposed rules after “earnestly studying” public views on them. **…