网易云音乐今日盘中大跌7.73%，引起了市场的广泛关注。
消息面上，国际指数编制公司MSCI公布了最新的指数季度调整结果，网易云音乐被从MSCI中国指数中剔除，该调整将于本月底收盘后正式生效。作为全球被动资金跟踪的重要基准，被剔除意味着跟踪该指数的被动型基金（如ETF）将被迫卖出相关股票，对股价构成了直接的下行压力。
市场分析进一步指出，本次MSCI中国指数调整新纳入的标的集中于光通信与算力基础设施等方向，显示出资金风格的切换。网易云音乐作为传统互联网软件及应用领域的代表，此前在AI应用行情中积累的情绪溢价面临消退，资金从该领域流出的压力加剧，共同导致了此次股价的显著下跌。
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