0908 GMT - Chinese game stocks led losses in Hong Kong as investors' attention returned to AI hardware companies. Semiconductor shares extended their global rebound after last week's severe selloff. Tencent Holdings fell 7.05% and NetEase declined 7.4%, both notching their biggest one-day percentage drop in more than a year. Bilibili gave up 4.9%. For Tencent, its valuation has been depressed in recent months amid concerns about a lack of new blockbuster games and higher expenses related to AI investments. However, Bernstein analysts still expect Tencent to outperform its gaming peers. The benchmark Hang Seng Index ended 0.95% lower at 24892.66; the Hang Seng Tech Index fell 3.0%. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

July 22, 2026 05:08 ET (09:08 GMT)

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