NetEase is trading 7.1% up at $128.27 after investors appeared to look beyond its second-quarter earnings miss. - Revenue reached RMB30.1 billion, above the RMB29.48 billion consensus; gaming revenue rose 9.7% year over year. - Adjusted earnings of RMB12.02 missed the RMB15.54 estimate, largely because of investment losses and higher taxes. - The rebound follows the prior session’s 5.85% decline and aligns with Hong Kong shares up 2.2%; broader U.S. futures are modestly higher, but the earnings reassessment is the clearest catalyst.