On July 20, NetEase rose 3.23% overnight, trading at $135.53/share, with turnover of $841,500.

On the news front, the Hang Seng Index Company previously announced that NetEase would be included in the Hang Seng Index series constituent stocks after the close on July 17, with the change officially taking effect on July 20. The concentrated release of passive fund allocation demand constitutes a near-term share price catalyst. Additionally, NetEase Cloud Music and Warner Music Group recently announced a multi-year strategic partnership renewal, with the two parties set to deepen cooperation in global artist promotion and music content collaboration.

Since its inclusion in the Stock Connect program on June 30, NetEase has continued to attract southbound capital inflows, ranking among the top net purchases by mainland investors. Haitong International estimates that daily average turnover could increase by approximately 60% following the index inclusions. Multiple index additions, including the CSI Hong Kong Connect Select 100 and CSI Shanghai-Shenzhen-Hong Kong 300, which took effect on July 13, reinforce the incremental capital thesis.

(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.)