US Stock Market Move | Netease Inc Sponsored ADR (NTES.US) rose more than 5% as new game "The Forgotten Sea" is expected to be released in July, potentially becoming a catalyst for the stock price to rise.
On Friday, NetEase (NTES.US) rose more than 5%, closing at $120.97.
On Friday, Netease Inc. Sponsored ADR (NTES.US) rose by over 5%, reaching $120.97. In terms of news, Netease Inc. Sponsored ADR announced its decision to switch to a dual-primary listing in Hong Kong starting from June 30th. Citigroup believes that this move will attract more funds to support its stock price performance. Additionally, the bank stated that more importantly, the new game "Sea of Remnants" is expected to be officially released in July, which may serve as another recent catalyst.
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