NetEase Shares Plunge After Diablo Immortal Game Launch Is Postponed

Chinese gaming giant NetEase Inc. plunged the most in nine months after delaying the launch of Diablo Immortal in the world’s biggest mobile app market, putting its sales recovery in question.

Shares slumped almost 11% in Hong Kong, leading declines on the benchmark Hang Seng Tech Index, which dropped as much as 2.5%. Tencent Holdings Ltd.’s closest rival in China said Sunday that it will postpone the original June 23 China launch of Diablo Immortal, the mobile game it co-developed with Activision Blizzard Inc.