Movement Alert｜NetEase Rises 3.94% in Regular Trading, Flagship Game Sea of Oblivion Launching Tomorrow Combined with Hang Seng Index Inclusion

Market Focus07-08

On July 8, NetEase rose 3.94% in regular trading, trading at approximately $135.07/share, with turnover of $7.5776 million.

On the news front, multiple catalysts are driving the stock higher. The company's flagship new game Sea of Oblivion is scheduled for PC open beta launch on July 9, with total pre-registrations exceeding 33 million. The mobile version is also expected to go live within July, creating significant summer release momentum.

On the index inclusion front, Hang Seng Indexes Company previously announced that NetEase will be added to Hang Seng Index series constituent stocks after market close on July 17, effective July 20. China Securities Exchange Services has also added NetEase to the China Stock Connect Select 100 and China Shanghai-Shenzhen-Hong Kong 300 Index sample stocks.

Additionally, Goldman Sachs analysts recently reiterated a Buy rating on NetEase, highlighting its high-barrier gaming core assets as an attractive non-AI high-growth safe haven, and projecting that the stock's strong momentum will continue into the second half.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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