NetEase's Hong Kong shares rise on new games approval

NetEase

29/04/2024 05:13

** Hong Kong shares of NetEase Inc  9999.HK  rise 3.9% to
HK$155, their highest since April 11 
    ** Stock on course for a second session of gains, if current
trend holds
    ** Stock posts biggest intraday pct rise since April 9
    ** NetEase's U.S. stock  NTES.O  climbed 2.8% last Friday 
    ** China's video gaming regulator National Press and
Publication Adminstration announced approval of 95 new titles in
April for domestic release, including NetEase's "Broken Land"
and four new games published by Shenzhen Zqgame  300052.SZ  
    ** Shenzhen Zqgame rises 3.6% to 13.68 yuan, highest since
April 15
    ** Hang Seng Composite Index on information technology firms
 .HSCIIT  slips 0.02%, while Hang Seng Tech Index  .HSTECH 
gains 0.8% and Hang Seng Index  .HSI  rises 1.3%
    ** NetEase Hong Kong stock up 9.1% YTD, while Shenzhen
Zqgame down 19.9% YTD
     

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))