Chinese online video game firms in focus after new rules

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SINGAPORE — Shares in Asia-Pacific looked set for a lower start on Tuesday, as investors monitor Chinese video game stocks following the publishing of new rules limiting the number of hours kids can play online such games in China.

Futures pointed to a lower open for Japanese stocks. The Nikkei futures contract in Chicago was at 27,710 while its counterpart in Osaka was at 27,690. That compared against the Nikkei 225’s last close at 27,789.29.

Australian stocks also looked poised to decline, with the SPI futures contract at 7,460.0, against the S&P/ASX 200’s last close at 7,504.50.

Hong Kong-listed shares of Tencent and Netease will be watched by investors on Tuesday after new rules published Monday by China’s National Press and Publication Administration showed plans to limit the time that those under 18 years spend playing video games to just three hours a week.

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Overnight stateside, the S&P 500 edged 0.43% higher to 4,528.79 while the tech-heavy Nasdaq Composite gained 0.9% to 15,265.89. The Dow Jones Industrial Average lagged, dipping 55.96 points to 35,399.84.


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