(Bloomberg) -- China approved 105 domestic games on Monday, the latest indication that Beijing is softening its stance after its move to tighten industry restrictions led to a $80 billion rout last week. Most Read from BloombergChina Is Softening Stance on Gaming After $80 Billion RoutManchester United Saga Ends With $1.3 Billion Ratcliffe DealBank of Russia Governor Says She Is Bracing for More SanctionsQuantum Computing Is Finally Here. But What Is It?Ethiopia Fails to Pay Coupon, Becoming Lat
What the heck is a rout?
It’s a military strategy term. If you and I both have armies, and my army attacks your army, and your army retreats, then you would have been “routed”, and I would have caused a “rout”
In the finance context of the headline here, it just means a financial market dip.
Or in other words, a financial “retreat” from the expected upward trajectory. Just to make the allusion to military terminology even more explicit.