Chinese Internet stocks hit a three-month high

Chinese Internet stocks rose to a three-month high after regulators in China approved dozens of video games for release, a move that 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 video game titles. The regulator had given the green light to a small batch of games in April, and before that it had not given any approvals since last July.

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