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

FILE PHOTO: People walk past a Tencent sign at the company headquarters in Shenzhen, Guangdong province, China August 7, 2020. REUTERS/David Kirton/File Photo

HONG KONG (Reuters) - Shares of Chinese gaming and social media powerhouse Tencent 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 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

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