{"id":32183,"date":"2024-01-03T07:59:12","date_gmt":"2024-01-03T07:59:12","guid":{"rendered":"https:\/\/aveholidays.com\/news\/china-stocks-edge-up-gaming-shares-fall-further-on-new-rules\/"},"modified":"2024-01-03T07:59:12","modified_gmt":"2024-01-03T07:59:12","slug":"china-stocks-edge-up-gaming-shares-fall-further-on-new-rules","status":"publish","type":"news","link":"https:\/\/aveholidays.com\/news\/china-stocks-edge-up-gaming-shares-fall-further-on-new-rules\/","title":{"rendered":"China stocks edge up, gaming shares fall further on new rules"},"content":{"rendered":"<p>SHANGHAI, Dec 25 (Reuters) &#8211; 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&#8217;s losses after China announced new rules to curb spending on video games.<\/p>\n<p>** The blue-chip CSI 300 Index closed up 0.3% and the Shanghai Composite Index edged up 0.1%.<\/p>\n<p>** China&#8217;s CSI Anime Comic Game Index slumped 3.4%, adding to a 10% tumble the previous session.<\/p>\n<p>** Weak sentiment towards the gaming sector persisted despite a statement from regulators on Saturday that they would make improvements to their proposed rules after &#8220;earnestly studying&#8221; public views on them.<\/p>\n<p>** The proposals, aimed at curbing money and time spent on video games, were a blow to the world&#8217;s biggest games market and knocked the value of Tencent Holdings, Netease and other gaming stocks.<\/p>\n<p>** On Monday, shares in gaming companies Giant Network Group , 37 Interactive Entertainment Network and Kingnet Network plunged between 7% and 10%.<\/p>\n<p>** Stocks in the media sector tumbled 1.7%, while energy shares rose 1% and consumer staples were up 0.7%.<\/p>\n<p>** Aviation defence stocks jumped 1.8%. (Reporting by Shanghai Newsroom; Editing by Edmund Klamann)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SHANGHAI, Dec 25 (Reuters) &#8211; 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&#8217;s losses after China announced new rules to curb spending on video games. ** The&hellip;<\/p>\n","protected":false},"featured_media":0,"menu_order":0,"template":"","acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China stocks edge up, gaming shares fall further on new rules - Holidays and Observances Around the World<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aveholidays.com\/news\/china-stocks-edge-up-gaming-shares-fall-further-on-new-rules\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"China stocks edge up, gaming shares fall further on new rules - Holidays and Observances Around the World\" \/>\n<meta property=\"og:description\" content=\"SHANGHAI, Dec 25 (Reuters) &#8211; 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