By Yifan WangShares of NetEase Inc. tumbled in early Hong Kong trade after the Chinese videogame developer delayed the domestic launch of a highly-anticipated title. The stock lost as much as 10% in the first hour of trading Monday and shares were last down 9.3% at 137.00 Hong Kong dollars (US$17.45). The steep losses came after NetEase on Sunday said it will delay the China release of a gamed called "Diablo Immortal," which had been scheduled to launch on June 23. The company said it is making multiple "optimization and adjustments" to the game, including device compatibility expansion and experience improvement. Write to Yifan Wang at yifan.wang@wsj.com(END) Dow Jones NewswiresJune 19, 2022 22:57 ET (02:57 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.

Source: Wall Street Journal June 20, 2022 03:22 UTC