Why Are NetEase Shares Trading Lower Today?

September 8, 2021 3:27 PM | 1 min read | Make a Comment

Chinese government officials summoned domestic gaming firms, including Tencent Holdings Ltd TCEHY and NetEase Inc NTES, Reuters reports as per Xinhua.
The government ordered the companies to limit minors' hours of access to their video games to protect their physical and mental health.
The government urged the gaming companies to resist improper competition and focus on driving innovation.
China had recently restricted the online gaming hours for players below eighteen.
The relatively diversified Tencent focused on alternate avenues to diminish the impact of the clampdown.
Price Action: NTES shares traded lower by 5.53% at $90.44 on the last check Wednesday.