(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 BloombergS&P 500 Trades Within a Whisker of All-Time High: Markets WrapApple to Fight Watch Ban in Court After White House Declines to ActGoldman’s Painful 2023 Lesson on China Forces Rethink of Emerging MarketsHow Were So Many Economists So Wrong About the Recession?Students Figh
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.