BUZZ-NetEase shares climb on Microsoft deal to bring Blizzard's games back to China

Reuters04-10

** Hong Kong shares of Chinese video games giant NetEase Inc

climb 1.9% to HK$160.50, their highest since March 28, and on track for a fourth straight session of gain

** Co's U.S.-listed stock rose 3.8% on Tuesday

** China's second-largest video games co by revenue said it is working with Microsoft to bring Blizzard's popular games, including "World of Warcraft", back to China this summer after a public fallout that ended a decade-long partnership in 2023

** Microsoft and NetEase said they have also entered into an agreement to explore bringing new NetEase titles to Microsoft's Xbox gaming consoles and its other gaming platforms

** The Hang Seng Composite Index on information technology firms rises 2%, the Hang Seng Tech Index gains 1.6% and the Hang Seng Index adds 1.1%

** NetEase's Hong Kong stock up 13% YTD, U.S.-listed shares up 8% YTD

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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