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Why NetEase (NTES) Shares Are Falling

NetEase shares are trading lower by 1.6% Wednesday afternoon. U.S.-listed Chinese stocks are trading lower after China missed GDP and retail sales estimates.
byHenry Khederian
January 17, 2024
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NetEase Inc (NASDAQ:NTES) shares are trading lower by 1.6% to $139.14 Wednesday afternoon. Shares of US-listed Chinese stocks are trading lower after China missed GDP and retail sales estimates.

China’s Premier, Li Qiang, spoke at the World Economic Forum in Davos, expressing confidence in China’s economy to manage performance fluctuations.

He emphasized the unchanged long-term growth trajectory. Notably, an early announcement revealed China’s GDP growth for 2023 at “around 5.2%”, surpassing the targeted 5% before official figures are released.…Read More

According to data from Benzinga Pro, NetEase has a 52-week high of $118.90 and a 52-week low of $76.85.

 
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