Asia’s Gaming Stocks Spike as China Approves More Foreign Titles

(Bloomberg) — Shares of China’s Bilibili Inc. and some Korean gaming companies surged after Beijing approved more imported titles in the latest sign of their easing grip on the video-game sector. 

Bilibili jumped more than 9% in Hong Kong, tracking gains in its US-listed shares, after its localized version of Uma Musume: Pretty Derby was included. In South Korea, Devsisters Co. Ltd. jumped nearly 30% in early trading, while peer Nexon Games Co. Ltd. soared more than 20%. Japan was closed for a holiday.