NetEase ADRs Rise Premarket as Shares Set to Join Hang Seng Index

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By Robb M. Stewart

NetEase Inc.'s U.S.-listed stock appears headed for a positive open after the Chinese internet-technology company was named one of four new consitutents in Hong Kong's Hang Seng Index.

In premarket trading, the company's American depositary receipts were 4% higher on the Nasdaq after ending the previous session at $112.44, up 17% since the end of last year.

NetEase will join China Resources Beer (Holdings) Co., ENN Energy Holdings Ltd. and JD.com Inc. as the Hang Seng Index's newest members, taking the total number of index constituents to 64. All changes will take effect on Dec. 6, Hang Seng Indexes Co. said Friday.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

November 19, 2021 07:06 ET (12:06 GMT)

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