China gaming stocks took another hit on Thursday, as a second government-linked media outlet came out swinging against the industry. Shares of Tencent
700,
-3.90%,
NetEase
9999,
-3.76%
and XD
2400,
-2.12%
lost around 3% each. Those stocks took a hard hit at the start of the week after the Economic Information Daily, which has links to state-controlled news agency Xinhua, reportedly likened them to “spiritual opium” for the nation’s addicted teens.
U.S. listed shares of NetEase
NTES,
-6.07%
fell 4%, while Tencent’s music arm,
TME,
-1.94%
fell modestly. The Hong Kong-listed shares are down from 8% to 10% for the week so far. …
