Why Huya Stock Is Down More Than 10% This Week
As of midday Friday, shares of video game livestreaming outfit Huya (NYSE: HUYA) are down 10.3% for the week, mostly in response to reports that several of China's government agencies continue to clamp down on the country's video gaming industry.
At first, it might sound like mere echoes of news that first broke a week ago, when China's National Press and Publication Administration announced that anyone under the age of 18 would be allowed to play video games for no more than three hours per week.
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Source Fool.com