$NetEase(NTES.US) rose by seven or eight points, with the catalyst being the completion of its dual primary listing on the Hong Kong Stock Exchange on 6/30.
Secondary listings of Chinese concept stocks typically see a mild reaction, but $NetEase(NTES.US) directly surged this time. The market clearly views "inclusion in the Stock Connect + decoupling from compliance risks" as a substantive positive.
However, Alibaba and JD.com did the same thing without such a strong move. Is this truly a window for valuation reassessment, or just a one-day event-driven rally? If chasing now, should we wait for a pullback and the ADR price gap to narrow? 🤔
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