SHANGHAI, Aug 3 (Reuters) – Shares of online gaming companies, including Tencent Holdings and Netease Inc , tumbled on Tuesday after Chinese state media called the business “spiritual opium”.

Tencent tumbled more than 9% in early morning trade, while Netease slumped over 13%.

Many teenagers are addicted to online gaming, which has made a huge negative impact on their growth, according to an article in the Economic Information Daily, which is affiliated with the official Xinhua Agency.

Reporting by SHANGHAI NEWSROOM; Editing by Christian Schmollinger

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