China tech shares rebound on easing investor worry over gaming

Chinese technology shares rebounded, snapping a two-day loss, after a newspaper report clarified that Beijing was slowing down instead of halting new game approvals.

The Hang Seng Tech Index advanced 2.9% on Friday, pushing the index up a third straight week. Tencent Holdings Ltd. and NetEase Inc. were up at least 2.1% after tumbling a day earlier. Hong Kong’s Hang Seng Benchmark also gained 1.9%.  

The return to buying reflected easing investor concerns on the broader tech sector after the South China Morning Post corrected a Thursday report that the government had temporarily halted the approval of new online games. It clarified