Tencent shares rose to a nine-month high on Thursday, boosted by the inclusion of one of its titles in a new batch of game approvals by Chinese regulators, and bucking a broader decline in Asian equities.
Shares in Tencent broke above the HK$400 ($50.99) mark, rising as much as 2.8 per cent in morning trading in Hong Kong to their highest level since June 2018. The company’s stock has risen 26 per cent this year.
In doing so, Tencent stocks defied a broader decline in the Hang Index, which fell 1.2 per cent.
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