On October 2, NTES fell 3.17% in regular trading, trading at 187.0 HKD/share, with turnover of approximately HKD 324 million. The decline was driven by a confluence of sector-wide weakness in gaming stocks and a company-specific development involving a subsidiary studio.

On the sector front, interactive entertainment names came under broad selling pressure. Among peers, XD Inc dropped 3.88%, Tanwan fell 3.19%, Kingsoft declined 1.85%, and NetDragon slid 1.74%, reflecting dampened sentiment across the gaming space. Grasshopper Manufacture, the studio behind the No More Heroes franchise, recently announced its separation from NTES to operate independently, adding a layer of company-specific uncertainty.

At the macro level, the US 10-year Treasury yield climbed to 5.25%, reaching a multi-year high, which weighed on global risk appetite and exerted additional pressure on Hong Kong-listed technology stocks. Earlier, investment banks including Goldman Sachs had maintained a Buy rating on the company with a target price of HKD 263, citing a promising game pipeline for the coming year, while the company reported first-half revenue of RMB 60.7 billion with gross profit growing approximately 16% year-over-year.

(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.)