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The craze of "Black Myth: Wu Kong" drives a 21% monthly increase in gaming market revenue in mainland China in August.
China Audio-Video and Digital Publishing Association Gaming Committee released the Monthly Report on China Game Industry in August 2024, showing that in August, "Myth of Darkness: Wukong" brought significant growth to the console and PC gaming market, and there was also a noticeable increase in revenue from mobile games during the summer vacation period. Both the annual and monthly growth of the domestic gaming market were significant. In August, the revenue of the domestic gaming market was 33.64 billion yuan, a year-on-year increase of 15.1% and a month-on-month increase of 21.01%.
In August, China's gaming market revenue was 33.64 billion yuan, a year-on-year growth of 15.10%.
On September 20, china Audiovisual and Digital Publishing Association Game Committee released the August 2024 Monthly Report on China's Game Industry.
The Hang Seng Index rose 261 points in the first half of the day, with a turnover of 90.9 billion yuan. Real estate and automobile stocks were favored.
The Federal Reserve's half-point rate cut boosted US stocks, with the Dow and S&P 500 indices reaching new highs. The Hong Kong stock market continued to rise in early trading. Hang Seng Index opened high by 56 points and the gains expanded, rising to 18,355 points at one point, up 261 points or 1.5% at midday to 18,275 points; the China Enterprises Index rose 92 points or 1.4% to 6,397 points; the Hang Seng Tech Index rose 65 points or 1.8% to 3,717 points. The total turnover of the market in the morning session was 90.958 billion yuan. In the technology sector, Alibaba (09988.HK) rose 2.5% to 87.8 yuan, while Tencent (00700.HK) fell 0.4% to
Midday Recap | Hong Kong stocks continue to surge! The Hang Seng Index is up more than 2%; network technology and automotive stocks are performing well, with xpeng rising by about 10% and alibaba reaching a new high in over a year.
Most network technology stocks rose, with SenseTime leading the gains with a more than 6% increase, Bilibili up nearly 4%, Alibaba up more than 3%, Meituan up nearly 3%, Netease and JD.com up more than 1%, and Tencent up nearly 1%.
US stocks close | Nasdaq rose 2.5%, Dow Jones, S&P hit record highs; chip stocks, Chinese concept stocks shine, Tesla rose more than 7%, Nvidia rose nearly 4%
The US unemployment benefits data strengthens expectations of an economic soft landing, with the Dow Jones breaking the 0.042 million point mark for the first time and the S&P closing above 5700 points for the first time. The Nasdaq rose 3% at one point, the chip index rose 5.7% at one point, the bank index rose nearly 3%, and the Chinese concept index rose over 4%.
Express News | Ishares China Large Cap ETF up 2.9%, Kraneshares CSI China Internet ETF up 3.6%
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