Tencent shares fall over 2% after India bans PUBG game, other mobile apps

HONG KONG (Reuters) – Shares of Chinese gaming and social media powerhouse Tencent <0700.HK> fell more than 2% on Thursday after India banned 118 mobile apps, including the firm’s popular videogame PUBG.

The stock traded 2.2% lower at HK$533 in the afternoon, on track to snap two straight sessions of gain.

The list of 118 mostly Chinese apps also includes those from Baidu and Xiaomi’s <1810.HK> ShareSave, as India stepped up pressure on Chinese technology firms following a standoff with Beijing at the border.

(Reporting by Donny Kwok; Editing by Muralikumar Anantharaman)