UB#WUXI RC2603A(69876.HK)

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UB#WUXI RC2603A
69876.HK
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Hong Kong Stock Market Closing | The Hang Seng Index fell 0.29%, with a divergence in the technology and retail sectors, while popular stocks like MINIMAX-WP surged significantly

On January 16th, the three major indices of the Hong Kong stock market experienced slight adjustments, with the Hang Seng Index and the Hang Seng TECH Index retreating slightly, and the previous gains failing to continue. Mainstream sectors showed divergence, with retail and internet leaders exhibiting fluctuating performances. Short-term capital focused on technology and high-tech concepts, with notable gains in popular stocks such as MINIMAX-WP and SYNAGISTICS. The market is highly sensitive to liquidity, macroeconomic recovery, and corporate profit expectations, with an overall moderate risk appetite

Market Heartbeat·
HK
02269
-0.60%
Market Heartbeat·
HK
02269
-0.60%

Hong Kong stock market intraday | The Hang Seng Index fell 0.54% during the session, the semiconductor sector surged in the afternoon, and MINIMAX continued to soar over 15%

The main indices of the Hong Kong stock market experienced slight adjustments during the trading session, with the Hang Seng Index, Hang Seng Tech Index, and the China Enterprises Index all retreating, reflecting a strong wait-and-see sentiment in the market. The performance of major sectors was mixed, with noticeable divergence in retail, internet content, and information sectors, while some leading stocks in technology and life sciences were active. Alibaba rose by 0.55%, attracting significant attention from investors; Tencent Holdings and WuXi AppTec fell by 1.13% and 1.85%, respectively. On the macro front, the market is focused on important economic data, with funds primarily engaged in structural rotation amid a cautious atmosphere

Market Heartbeat·
HK
02269
-0.60%
Market Heartbeat·
HK
02269
-0.60%

CICC Sticks to Their Buy Rating for Wuxi Biologics (Cayman) (WXIBF)

In a report released yesterday, from CICC maintained a Buy rating on Wuxi Biologics (Cayman), with a price target of HK$45.00. The company’s shares closed last Monday at HK$40.02.Claim 70% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential Currently, the analyst consensus on Wuxi Biologics (Cayman) is a Strong Buy with an average price target of HK$40.23.

Tip Ranks·
US
WXXWY
+1.60%
HK
02269
-0.60%
Tip Ranks·
US
WXXWY
+1.60%
HK
02269
-0.60%

Daiwa: WUXI XDC proposes to fully acquire Dongyao Pharmaceutical and gives WuXi Biologics a "Buy" rating

Daiwa released a research report stating that WuXi Biologics and WUXI XDC plan to acquire at least 60% of Dongyao Pharmaceutical for approximately 2.8 billion yuan, and it is expected that Dongyao Pharmaceutical will continue to be listed after the acquisition. This move will help WUXI XDC expand its business, enhance its production capacity in China, and consolidate its market position in the ADC contract research and manufacturing sector. Daiwa has given WuXi Biologics an investment rating of "Buy."

AASTOCKS·
HK
02268
-2.81%
HK
01875
+1.67%
US
WXXWY
+1.60%
AASTOCKS·
HK
02268
-2.81%
HK
01875
+1.67%
US
WXXWY
+1.60%

The Hang Seng Index opened 171 points higher, WuXi Biologics fell 3%, CKH HOLDINGS rose 2%, and ATM increased by 0.8% to 2% | Hong Kong stock market opens

The Hang Seng Index opened 171 points higher this morning, reporting at 27,094 points. WuXi Biologics fell 3.39% to HKD 38.66 due to major shareholders reducing their holdings. CKH Holdings opened 2.18% higher, reporting at HKD 60.75, as it seeks to list Watsons in Hong Kong and London. U.S. tech stocks rebounded, with TSMC ADR hitting a new high, closing up 4.4%. The number of initial jobless claims in the U.S. decreased, with economic data performing better than expected

Stheadline·
US
WXXWY
+1.60%
HK
02269
-0.60%
US
CKHUY
-1.41%
Stheadline·
US
WXXWY
+1.60%
HK
02269
-0.60%
US
CKHUY
-1.41%
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