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

FILE PHOTO: A woman walks past an office building of Chinese tech firm Tencent, owner of messaging app WeChat, in Beijing, China August 7, 2020. REUTERS/Thomas Peter/File Photo

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 BIDU.O 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

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