Chinese gaming stocks on a roller coaster ride after state media denunciation stokes worries over further crackdown

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China’s gaming stocks had a roller coaster ride on Tuesday, after a state-run newspaper published a denunciation of the sector, calling online games "spiritual opium", only to delete the article hours later.

Tencent Holdings, the world’s largest owner of mobile and computer-based game titles, fell 6.1 per cent at its close to HK$446, clawing back some of the 10.8 per cent loss earlier. It was the biggest intraday percentage drop in more than a year for the publisher of Honour of Kings, the first game to average over . . .

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