网易取代闪迪被纳入纳斯达克100
Chinese consumer tech company NetEase has joined the Nasdaq 100, replacing SanDisk which had been in the index since 2003.
中国消费者科技公司网易纳入纳斯达克100指数，取代自2003年就一直在榜的闪迪。
Market observers say the move shows the importance of consumer-focused Internet companies and the rising significance of Chinese market players in shaping of the future technology world.
After joining the Nasdaq 100 early on this Wednesday, NetEase closed over 3 percent higher at around 150 dollars per share.
Analysts are now projecting the stock's full-year average price target will surpass 180 dollars.
The inclusion of NetEase in the Nasdaq 100 comes at a time of extreme volatility. The stock is down almost a quarter so far this year and up 37 percent compared with last year.
Even so, George Tkaczuk, senior portfolio manager with RCM Wealth Advisers says, based on the company's good performances in the past few quarters, investors generally like it.
"The reason we like it is, we saw some really good exhilaration in earnings and revenue over the last few quarters. Basically its earnings have increased from 9 percent, to 20 percent, to 24 percent."