The Zhitong Finance App learned that the decline in gaming stocks widened in the afternoon. As of press release, MGM China (02282) fell 11.43% to HK$9.53; Xinhao International Development (00200) fell 9.27% to HK$8.52; Aibo Holdings (00880) fell 6.59% to HK$3.83; and Huicai Holdings (01180) fell 6.45% to HK$0.87.

HSBC Research previously released a research report saying that the decline in stock prices in the gaming industry reflects market concerns that a new wave of COVID-19 may occur, but the bank believes that the market is overly concerned. The bank expects that the May 1st Golden Week holiday will support short-term stock price performance, but in the long run, potential visa restrictions and tightening of capital controls may drag down their growth.