NetEase (NTES) stock rises 2.46% on Chinese interest rate cut, benefiting online gaming company.

From Benzinga: 2024-07-22 11:03:03

NetEase Inc. (NTES) shares rise 2.46% to $93.60 as Chinese stocks rally on key interest rate cut, boosting consumer spending and benefiting online gaming giant NetEase in the process.

China’s rate cuts aim to stimulate investment and consumption, improving economic outlook, boosting investor confidence, and benefiting companies like NetEase through cheaper borrowing for expansion and innovation.

Lower interest rates make strategic investments cheaper for companies like NetEase, potentially leading to higher future revenues and profits, positively impacting stock prices in the long run.

To buy NTES stock, use a brokerage account to purchase shares or bet against the company by accessing an options trading platform and shorting the stock to profit off share price declines. Consider fractional shares, especially for higher priced stocks like NetEase at $93.89 as of now.



Read more at Benzinga: Why NetEase (NTES) Stock Is Rising – NetEase (NASDAQ:NTES)