Seeking Alpha

Chinese game makers fall in sympathy after yesterday's Shanda wallop

  • Today's downturn in Chinese game makers is outpacing a broader tick down in the Chinese tech space (CQQQ -0.2%). Perfect World (PWRD -1.5%), NetEase (NTES -4.7%), and Giant Interactive (GA -2.4%) are falling in sympathy after Shanda Games (GAMEwas walloped yesterday following a Q2 beat.
  • NetEase is the lame duck, as a downgrade from JPMorgan to Neutral (albeit with a PT hike to $75 from $65) weighs the stock.
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