Chinese Tech Stocks Fall as Tencent Shuts Game Streaming Site

(Bloomberg) — Chinese tech stocks slid for a third day as Tencent Holdings Ltd.’s decision to shut its game streaming service further hurt sentiment in a sector already bogged down by regulatory risks.

The Hang Seng Tech Index fell 2.2% as of 11:33 a.m. in Hong Kong, having earlier shed as much as 3%. Video streaming firm Bilibili Inc. and Tencent supplier GDS Holdings Ltd. were among the worst performers. Meituan also weighed on the gauge, following news that Sequoia Capital reduced stakes.