Why NetEase Shares Are Falling
Portfolio Pulse from Henry Khederian
NetEase Inc (NASDAQ:NTES) shares are trading lower by 2.98% to $95.52 during Tuesday's session, following China's central bank cutting its one-year loan prime rate and five-year rate to stimulate economic recovery. The easing measures were not as extensive as anticipated due to concerns regarding the property market.
June 20, 2023 | 5:59 pm
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NetEase shares are trading lower by 2.98% due to China's central bank cutting its loan prime rates, with easing measures not as extensive as anticipated.
NetEase shares are trading lower as a result of China's central bank cutting its loan prime rates in an attempt to stimulate economic recovery. The easing measures were not as extensive as anticipated due to concerns regarding the property market, which has led to a negative impact on NetEase's stock price.
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