Photo/Tuchong

Mar. 9 (NBD) -- Saudi Arabia has launched a price war against its one-time ally Russia by slashing oil prices last weekend, adding worries over global equity market amid the coronavirus spreading.

Hong Kong's Hang Seng Composite Index (HSCI) opened lower on Monday and ended the day down 4.57 percent. Most constituent stocks of HSCI went down, but noticeably the newly-included XD Inc. (02400.HK) rose against this stiff headwind and surged by over 10 percent in the morning trading session, eventually closing 2.59 percent higher at 25.75 Hong Kong dollars.

In late February, Hang Seng Indexes Company Limited announced the plan to include XD Inc. in the HSCI and this change become officially effective Monday. Not only so, roguelike game Juicy Realm published by XD Inc. was granted the approval of publication by Chinese regulators last Friday. This also gave the company's stock a fillip. 

Listed in mid December of 2019, XD Inc. primarily engages in game development, and is also the operator of TapTap, which is known as the Chinese equivalent of Steam and the largest game community and platform in China by average MAUs in 2018.

It is noteworthy that Internet behemoth Bytedance is one of XD Inc.'s four cornerstone investors and will invest a total of 10 million U.S. dollars in the game developer. Other gaming tycoons that pumped their money into XD Inc. include Yoozoo Games (002174.SZ), 37 Interactive Entertainment (002555.SZ) and G-bits (603444.SH).

Email: lansuying@nbd.com.cn