Chinese Internet Stocks Hit Three-Month High

Chinese internet stocks jumped to a three-month high after regulators in China cleared dozens of videogames for release, a move investors welcomed as a new sign that Beijing is softening its stance on the technology sector.

Late Tuesday, the country’s National Press and Publication Administration said it had approved 60 videogame titles. The regulator had given the green light to a smaller batch of games in April, and before that hadn’t granted any approvals since last July.

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