Money
Stocks drop after China brands online games ‘electronic drugs’
Shares in two of China’s biggest online gaming companies have slipped after a state media outlet called them “electronic drugs”
Shares in Tencent and NetEase fell more than 10% in early Hong Kong trade.
Investors are increasingly concerned about Beijing cracking down on tech firms.
In recent months, Chinese authorities have announced a series of measures to tighten their stance on the technology sector as well as private education companies.
An article published by the state-run Economic Information Daily stated that many teenagers had become addicted to online gaming and it was having a negative impact on them. The news outlet is affiliated with the official Xinhua news agency.
The article cited Tencent’s hugely popular game Honor of Kings, saying students were playing it for up to eight hours a day, and asked for more curbs on the industry.
“Distroying a generation”
“No industry, no sport, can be allowed to develop in a way that will destroy a generation,” it said before going on to liken online games to “spiritual opium”.
Tencent has now confirmed it would introduce new measures to reduce children’s access to and time spent on its Honor of Kings game.
Tencent also confirmed plans to eventually roll out the policy to all of its games.
The recovery in share prices came as Economic Information Daily deleted the article from its account on WeChat.
Tencent also saw its shares fall last week after being ordered to end exclusive music licensing deals with record labels around the world.
Tencent is only one of a number of Chinese companies listed in the US, Hong Kong and mainland China to see shares fall drastically this year following China’s crackdown.
Last week saw shares in Chinese online tutoring firms slump after they were stripped of the ability to make a profit from teaching core subjects in China.
The new guidelines also restricted foreign investment in the industry.
The major shift in policy came as authorities try to ease the financial pressures of raising children.
Officials have been worried after China’s latest census showed that the birth rate had fallen to the lowest in seven decades.
US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations
The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.
Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.
Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.
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#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker
Money
Wall Street slides as AI spending raises investor concerns
Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives. Tune in for insights!
Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives.
Wall Street closed lower on Thursday, with the Nasdaq leading losses as investors questioned whether Big Tech’s massive AI spending will pay off. Microsoft shares tumbled after revealing record AI infrastructure costs, while Meta rallied on strong earnings and a bullish outlook.
Kyle Rodda from Capital.com joins us to explain what spooked markets, which tech names are holding up, and whether AI budgets are getting too big.
We also discuss rate expectations, macro risks, and what to watch in the upcoming earnings season.
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Money
Tesla brand value plummets amid Elon Musk’s political focus
Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.
Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.
Tesla’s brand value plummeted by $15.4 billion in 2025, falling to $27.61 billion from $66.2 billion in early 2023. Analysts say Elon Musk’s political focus and a slowdown in new models have distracted the company’s core business.
In the U.S., Tesla’s recommendation score sank to just 4 out of 10, down from 8.2 in 2023. Despite this, loyalty among existing owners remains high at 92 per cent, showing a strong but shrinking fan base.
#TeslaNews #ElonMusk #BrandValue
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