Tencent shares suddenly lost 11% of their value as China’s state-run news agency described “electronic drugs” and “spiritual opium” for video games. The stock, which traded at $;d 492 earlier this week, is currently trading around $456.

The article, published in the daily Economic Information newspaper owned by the government-controlled Xinhua News Agency, which has a major impact in China, features a piece about a student playing Tencent;in Honor of Kings for eight hours a day. The fall was inevitable when the article, which proposed tighter rules on games in China, caused panic among investors. Not only Tencent, but NetEase and XD shares also fell.

Analysts said the definition of “spiritual opium” was too harsh, a signal that a step could be taken, but the newspaper later updated the article and removed it from it.

Tencent said in a statement that children will be able to play for stricter time to play Honor of Kings, one a day on weekdays and two hours a day on weekends and holidays. In addition, under-12s are prohibited from trading in-game.

Let me add that there has been a slight rise in share prices following these statements and the change in the article.