* Subdued trading after Jackson Hole
* STOXX 600 flat
* Wall Street futures tick up
* UK on bank holiday
Aug 30 – Welcome to the home for real-time coverage of
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CHINA’S MOVE TO CUT GAMING TIMES RIPPLES TO EUROPE (1128
GMT)
Among the stocks under pressure today are a few European
gaming stocks such as Sweden’s Evolution and France’s Ubisoft,
down 2.5% and 1.7% respectively.
The pressure comes from China where regulators just slashed
the amount of time players under the age of 18 can spend on
online games in response to growing concern over gaming
addiction.
The market price action in Europe is however less
spectacular than in pre-market U.S. trading where shares of
Chinese gaming NetEase are down over 6% and Mobile game
publisher Bilibili is sliding 3%.
China’s regulatory crackdown is definitely a major challenge
for investors as we move into September and here’s a useful
recap of the sectors affected:
FACTBOX-From tech to education, China’s season of regulatory
crackdown
(Julien…
